Financial assistance from the Federal Government is now available for flood-affected small business owners in Queensland to help with the economic impacts that last week’s devastating floods have had on local businesses.
Primary producers and small businesses in the local government areas of Bundaberg, Banana, Fraser Coast, Gladstone, Gold Coast, Gympie, Ipswich, Lockyer Valley, Logan City, Moreton Bay, North Burnett, Redland, Rockhampton, Scenic Rim, Somerset, South Burnett, Southern Downs, Sunshine Coast, Toowoomba and Western Downs will be able to apply for concessional loans under the jointly funded Natural Disaster Relief and Recovery Arrangements.
Concessional loans up to $250,000 can assist in re-establishing primary production enterprises by covering costs such as repairing or replacing damaged plant and equipment, repairing or replacing buildings, purchasing livestock to replace those lost in the disaster event and re-planting, restoring or re-establishing areas affected by the disaster event.
For small business, these loans can be used for purposes such as repairing or replacing damaged plant and equipment, repairing or replacing buildings, supplying stock for up to one month to replace lost stock and maintain liquidity of the business.Primary producers in these areas will also be eligible to apply for freight subsidies. Small businesses in the Brisbane City Local Government Area are also able to apply for concessional loans.
More information about the assistance that is available in each affected local government area can be found at www.disasterassist.gov.au. More information about how to apply for concessional loans and freight subsidies is available at www.qraa.qld.gov.au and www.daff.qld.gov.au.
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