Loans for small business working capital after a disaster

Overview

Disaster Assistance (Essential Working Capital) Loans - Small Business provides small businesses, who have suffered a significant loss of income, as a result of an eligible disaster, with low-interest loans to help with the continuation of normal business operations.

Loan funds provided are intended to be used as essential working capital, including:

• paying salaries or wages
• paying creditors
• paying rent or rates
• buying goods, for example - fuel essential to carry-on the small business

Loans are not provided to:

• compensate for loss of income as a result of the disaster
• provide assistance relating to direct damage suffered as a result of the disaster

Low-interest loans of up to $100,000, over a maximum term of 10 years are available.

Check if you can apply

To be eligible, you must:

• be a small business owner in Queensland
• have been carrying on a small business in the 'defined disaster area' before the eligible disaster occurred
• have suffered a significant loss of income as a result of the eligible disaster
• provide adequate security for the loan
• be able to demonstrate the ongoing viability of the small business
• continue to carry on the small business in the defined disaster area
• have taken reasonable precautions to avoid loss or damage from a disaster, for example, have adequate insurance