Loans for bushfire-impacted small businesses in Queensland’s Western Downs
Disaster assistance provided by the Albanese and Palaszczuk Governments has been extended to help bushfire affected small business operators in the Western Downs local government area.
Concessional loans up to $250,000 are available to re-establish operations for fire impacted businesses in the region, covering costs such as:
- Repairing or replacing damaged plant and equipment
- Repairing or replacing buildings
- Resupplying stock needed for immediate trading
In addition, essential working capital concessional loans up to $100,000 are available for directly and indirectly impacted small businesses to carry on business operations such as paying salaries or wages, paying creditors, rent or rates.
The assistance is jointly funded through the Commonwealth-State Disaster Recovery Funding Arrangements (DRFA).
The new small business support comes on top of a range of jointly funded assistance measures already activated in the Western Downs, including hardship payments for individuals, freight subsidies and loans for primary producers, and $5000 payments for uninsured homeowners to have damaged services like electricity, gas and water inspected and reconnected.
