Concessional loans of up to $500,000 are now available to eligible small businesses, primary producers and non-profit organisations, who have suffered significant damage to assets or significant loss of income as a result of the bushfires.
These loans are available in the local council areas of Kangaroo Island, the Adelaide Hills, Mount Barker, Murray Bridge, Mid Murray, Kingston and Yorke Peninsula to restore and replace assets and property that have been significantly damaged in the fires.
The costs of these loans will be jointly shared by the Federal and South Australian Government through the Disaster Recovery Funding Arrangements.
Minister for Emergency Management, David Littleproud MP, said these loans can help cover working capital expenses such as employee salaries, creditors, rent and rates for businesses in bushfire affected-regions that have suffered a significant loss of income.
“The Government is committed to supporting the recovery effort and this agreement will assist small business owners and farmers rebuild their lives,” said Mr Littleproud.
Treasurer of South Australia, Rob Lucas, said the arrangement will support the overall economic and social recovery on Kangaroo Island and in the Adelaide Hills, as well as other fire-affected regions in South Australia.
“The concessional loans will bring much needed relief to the State’s hard-hit farming, forestry, viticulture and horticulture industries through the restoration and replacement of small business and primary producer assets damaged by the bushfires” said Mr Lucas.
Full list of South Australia’s assistance: www.dhs.sa.gov.au/services/disaster-recovery