Medium to Large Business Recovery Loan Scheme
The Medium to Large Business Recovery Loans Scheme offers concessional loans from $250,000 up to a maximum $5 million to support the recovery of businesses that are critical to the supply chain, including the agricultural industry, who were impacted during the 2021-2022 disaster season.
Loan features
| Loan amount | Minimum $250,000 and Maximum $5 million |
| Interest rate | 0.80% |
| Loan term | Up to a maximum 10 years |
| Loan Security | A loan under the scheme must be secured by a mortgage of land and other assets satisfactory to QRIDA. For example, Specific Security Agreement over plant and machinery, or a General Securities Agreement. |
| Fees | No establishment fees, no account maintenance fees and no fees for early payout. |
Available assistance
Concessional loans from $250,000 up to a maximum $5 million are available to assist with eligible recovery activities such as:
- repairing or replacing damaged plant and equipment
- repairing or replacing buildings
- repairing primary access to, and exit from the business
- relocating the business or critical infrastructure of the business to another location within the existing local government area or adjacent government area
- flood mitigation works
- purchasing livestock to replace lost livestock
- purchasing stock, for up to a month to replace lost stock
- meeting carry on requirements.
*Future resilience or betterment through the use of more durable materials or design may be considered for eligible repairing or rebuilding activities.
Evidence to support your application
Applicants will be required to provide evidence to support:
- that they were located in the defined disaster area for the eligible disaster immediately before the disaster
- that damage occurred as a direct result of the eligible disaster
Applicants should provide photographs of the direct damage to support their application.
For more information on scheme eligibility including definitions please refer to the guidelines below.
2021-2022 storm-flooding eligible disaster events
- Southern Queensland Flooding, 6 – 20 May 2022
- Balonne Shire Council
- Gympie Regional Council
- Lockyer Valley Regional Council
- Somerset Regional Council
- Southern Downs Regional Council
- Western Downs Regional Council
- South East Queensland Rainfall and Flooding, 22 February – 5 April 2022
- Brisbane City Council
- Bundaberg Regional Council
- Cherbourg Aboriginal Shire Council
- Fraser Coast Regional Council
- Gold Coast City Council
- Goondiwindi Regional Council
- Gympie Regional Council
- Ipswich City Council
- Lockyer Valley Regional Council
- Logan City Council
- Moreton Bay Regional Council
- Noosa Shire Council
- North Burnett Regional Council
- Redland City Council
- Scenic Rim Regional Council
- Somerset Regional Council
- South Burnett Regional Council
- Southern Downs Regional Council
- Sunshine Coast Regional Council
- Toowoomba Regional Council
- Western Downs Regional Council
- Ex-Tropical Cyclone Seth, 7 - 10 January 2022
- Bundaberg Regional Council
- Fraser Coast Regional Council
- Gympie Regional Council
- North Burnett Regional Council
- South Burnett Regional Council
- Central, Southern and Western Queensland Rainfall and Flooding, 10 November - 3 December 2021.
- Banana Shire Council
- Bundaberg Regional Council
- Goondiwindi Regional Council
- Lockyer Valley Regional Council
- Scenic Rim Regional Council
- Somerset Regional Council
- South Burnett Regional Council
- Southern Downs Regional Council
- Toowoomba Regional Council
- Western Downs Regional Council
QRIDA administers financial assistance to disaster affected primary producers, businesses and non-profit organisations under the jointly funded Commonwealth-State Disaster Recovery Funding Arrangements (DRFA).
Frequently asked questions
Medium to Large Business Recovery Loans are available to the Medium to Large Business entity and not to each property or location making up the business.
Applicants must claim on any applicable insurance policy, including business continuity, prior to seeking reimbursement under the Disaster Recovery Funding Arrangement 2018.
Yes, the cashflow budget template provided by QRIDA is not mandatory. If you have your own cashflow budget template then you are able to provide this to QRIDA as part of your loan application. However, please note that an itemised monthly cashflow is required for all applications, preferably in a financial year (July to June) format.
QRIDA assesses applications based on the future viability of the business with the assistance provided. Security is the second consideration. Preferably security is available over landed assets, however, security over other business assets may be acceptable.
All applicants must have utilised their sources of liquid assets and normal credit sources up to normal credit limits, meaning you must utilise your overdraft as part of your overall funding requirements.
You are unable to claim the same direct damage expenses via both the Grant and Loan Schemes. However, if the total of your recovery expenditure has exceeded the amount of assistance available via these Schemes, then you can seek loan assistance for the expenses that were not covered by the schemes.
In order to give you the best chance of success, QRIDA needs to understand the historical performance of your business, your current position and your plan moving forward. Without this information, QRIDA would be unable to determine the level of assistance you need and your prospects of returning to a viable business with the assistance provided.
Yes, you are entitled to a decision review. See reviewing a decision for more information.
