For QLD business owners - The QLD government's low interest loan of up to $250,000 is now available. The application appears to be "first in first serve" basis. The loan is designed to support the business operating costs such as wages, rent and rates, etc.
Loan features
- $500 million loan scheme
- Maximum loan up to $250,000
- No repayments or interest charged for the first year
- Plus two years interest only
- 2.5% fixed interest rate
- 10-year term of loan
- Open until 25 September 2020 or until funding is fully committed.
To successfully apply online, have ready your
- Business Financial Statements for 2017-18 and 2018-19
- Personal Taxation Returns for 2017-18 and 2018-19
- Bank Account Information
- Australian Tax Office (ATO) Integrated Client Account Statement
- Aged list of debtors and creditors at time of application
- Applicant Identification
- Organisation Constitution or Rules of Association and Certificate of Incorporation (if applying as a non-profit organisation)
- Trust Deed (if applying as a trust).
The link to the application is http://www.qrida.qld.gov.au/current-programs/covid-19-business-support/queensland-covid19-jobs-support-scheme
We have started lodging applications so If you need assistance with the application please email info@maxaccountants.com.au or contact 07 5580 4455.
Newer: Government subsidy for JobKeeper Payment
Older: Are you employing yourself or someone in your business?
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