The Queensland Small Business Commissioner has advised of Extraordinary Disaster Assistance Recovery Grants and Disaster Assistance Loans now available to assist small businesses, primary producers and non-profits impacted by the south-east Queensland rain and flooding events since 22 February.
These include:
• Grants of up to $50,000 to eligible applicants available for directly impacted businesses. Up to $15,000 is available to support an initial claim, with up to $35,000 available to support subsequent claims. This grant can be used for clean-up activities, repairs including damage to equipment, flooring, and walls, and to replace lost stock.
• Disaster Assistance Loans offer up to $250,000 for businesses directly impacted by the SEQ rainfall and flooding events. This loan can be used to repair or replace damaged plant, equipment, or buildings, replace stock or meet carry on costs including rents or rates.
• Disaster Assistance (Essential Working Capital) offer up to $100,000 for businesses indirectly impacted by the SEQ rainfall and flooding events. This loan can be used to pay staff, creditors, rent or rates and purchase goods that are essential for your business such as fuel.
Applications are to be assessed in order of receipt. Grant applications will close on 5 September 2022, and loan applications will close on 31 December 2023.
For more details, including eligibility criteria and application procedures, visit the Queensland Rural and Industry Development Authority or download an application form.
Share this article