Disaster assistance is now available to support small businesses affected by the SEQ severe storms

Small businesses, primary producers and not-for-profits in the Logan, Scenic Rim and Gold Coast local government areas affected by the recent Southeast Queensland storms may be eligible to apply for a concessional loan through the Commonwealth-State Disaster Recovery Funding Arrangement.

The concessional loans have been categorised into three areas:

Disaster Assistance Concessional Loans

• Up to $250,000 for small businesses and primary producers and $100,000 for not-for-profits to repair or replace damaged assets like plant and equipment, to repair premises, or to replace stock and maintain liquidity.

Essential Working Capital Loans

• Up to $100,000 for small business, primary producers and not-for-profits to allow for the continuation of operations, including paying wages, rents or rates, purchasing items such as fuel, fodder and water, or for the transportation of livestock and produce.

Freight Subsidies

• Freight subsidies are also being made available to primary producers to alleviate the costs of moving stock and operating materials.
• Up to $5,000 for primary producers to assist with the movement of stock, feed, machinery, fuel, water, and building or fencing materials.

Applications can now be made through Queensland Rural and Industry Development Authority (QRIDA) directly via 1800 623 946 or visit www.qrida.qld.gov.au.

If you have any questions or would like any assistance, please contact your 4Front adviser.