Disaster Assistance Loans - Primary Producer QLD

Key facts

About this grant

Summary from the official listing on business.gov.au:

This program provides low-interest loans to primary producers whose assets have been significantly damaged by an eligible disaster.

Disaster Assistance Loans - Primary Producer provides primary producers, whose assets have been significantly damaged as a direct result of an eligible disaster, with low-interest loans to help in their recovery efforts.

Loans may be used to re-establish the normal operations of the primary production enterprise, including:

• repairing or replacing damaged plant and equipment
• repairing or replacing farm buildings
• purchasing livestock to replace those lost in the disaster event
• meeting carry-on requirements including:
• re-planting, restoring or re-establishing areas affected by the disaster event
• sustenance
• essential property operations
• paying rent and rates

Low-interest loans of up to $250,000 over a maximum term of 10 years are available.

What you get

Low-interest loans of up to $250,000.

Who it is for

Disaster affected Queensland primary producers.

Eligibility

To be eligible, you must:

• have sustained substantial damage to buildings, plant, equipment or stock as a result of an eligible disaster
• be a primary producer in Queensland
• have a property located in a 'defined disaster area'
• provide adequate security for the loan
• be able to demonstrate the ongoing viability of the primary production enterprise
• have taken reasonable precautions to avoid loss or damage from a disaster such as having adequate insurance

Primary producers significantly affected by an eligible disaster, but not located in a defined disaster area may be eligible to apply for assistance as an 'individually disaster-stricken enterprise'.

Details are copied from the official source and can change. Check the official listing before you apply. Grant Writing Company is not affiliated with this funder.