Access government assistance, businesses told
Queensland small businesses affected by flooding are encouraged to check if they are eligible for government financial assistance
January 31, 2013Queensland small businesses affected by flooding are encouraged to check if they are eligible for government financial assistance.
Small Business Minister Jann Stuckey says small businesses could be eligible for concessional loans of up to $250,000 under the Natural Disaster Relief and Recovery Arrangements (NDRRA).
Under NDRRA provisions, a low interest loan up to $250,000 can assist small businesses to re-establish by covering costs such as repairing or replacing damaged plant and equipment, repairing or replacing buildings and paying rent and rates. There are no loan establishment, ongoing maintenance or early payout fees under NDRRA provisions.
"I encourage all small businesses in a disaster-declared local government area directly affected by water inundation to see if they are eligible for assistance under NDRRA," Stuckey says.
"Some businesses have not long recovered from the last flooding event in 2010-11, and now they are facing the same battle again. "
Information about declared disaster areas and available assistance can be found here.
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