Bushfire Recovery – Concessional Loans

11 March, 2020

This support was announced in January 2020.

The application process and required documents are being simplified.

It is for small businesses (including primary producers) and not-for-profit organisations in fire affected Local Government Areas (areas declared Category B).

Directly and indirectly affected businesses.

Purpose: Low cost finance to help you get back on your feet.

Key points: Loans of up to $500,000. No repayments or interest for the first 2 years, and a concessional rate for the remaining term of the loan.

Spend it on: Restoration and replacement of assets damaged by the bushfires

Working capital expenses where a business has suffered a significant loss of income as a result of the bushfires.

You apply for a concessional loan through your state government.

For more information on concessional loans visit the bushfire support page on the Australian Government Business website.

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