26/03/2020
The criteria to access the Queensland Government loan up to $250,000 was released this morning. To be eligible, you must:
🔹Have one or more full-time employee in Queensland.
🔹Have operated a business since 1 July 2017.
🔹Have suffered a loss of income as a result of Covid-19.
🔹Be a sole trader, partnership, trust, private or public company.
Further details:
🔹Loan terms is 10 years.
🔹Repayment and interest free for the first year.
🔹Interest will apply only from the second year at 2.5%.
🔹Payments will be interest-only for years 2 and 3.
🔹 Loans up to $100,000 will require no loan security.
🔹Loans over $100,000 and up to $250,000 to be secured by a General Security Agreement.
To apply, go to The Queensland Rural and Industry Development Authority application page at: https://lnkd.in/fRyd5kz
Please contact Scott Taylor at [email protected] or Chad Gear at [email protected] should you require any assistance.