The Queensland Government announced on Tuesday, 17 March a new $500 million loan facility, interest free for the first 12 months, to support Queensland businesses impacted by COVID-19 retain employees and maintain their operations.
The $500 million concessional loan facility will comprise low interest loans of up to $250,000 for carry on finance with an initial 12-month interest free period for businesses to retain staff. The Queensland Rural and Industry Development Authority (QRIDA) is responsible for the administration of these concessional loans and is currently taking expressions of interest in the lead up to rolling these loans out as soon as possible.
For a client to register their interest -please follow this links
To register your interest: Email them with your full name, phone number and preferred email address or send your details to contact_us@qrida.qld.gov.au
Or Freecall 1800 623 946 QRIDA will contact you when the scheme is open to applications shortly.
QRIDA Website
QLD Government annoucement
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