NSW Small Business Disaster Relief loans

NSW Small businesses who have been directly affected by a declared natural disaster including floods, fires or storm damage, may be eligible for low interest loans of up to $130,000 under the NSW Small Business Disaster Relief loans.

Loan Details

$130,000 maximum loan

Term – up to 12 years with first two years are interest and repayment free

Low interest rate – 1.69% 27 December 2022

Security – mortgage on land

Eligibility

The business must:

• Have fewer than 20 full time (or equivalent) employees;
• Are a registered business, partnership or sole trader
• Have an Australian Business Number (ABN) and
• provide the owner with their primary source of gross income (more than 50%)
• have assets which have been significantly damaged as a direct result of the declared disaster event
• have been viable prior to the declared event and demonstrate that the assistance will ensure the business continues to be viable
• demonstrate that they are continuing or will re-establish the business enterprise within the same location, or within the same local government area
• demonstrate that the business enterprise has the capacity to repay the loan sought.
• Have been in working occupation of your business at the time of the natural disaster.
• Provide security, acceptable to the NSW Rural Assistance Authority.

Learn More and Apply

To learn more and apply for the NSW Small Business Disaster Relief loans click here

Applications for business impacted by February 2022 and later events close 30 June 2023

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