Businesses in Cook Shire will be back on their feet faster after Tropical Cyclone Trevor with additional disaster assistance now available.
Assistance is being provided through the jointly funded Commonwealth-Queensland Disaster Recovery Funding Arrangements.
Minister for Natural Disaster and Emergency Management David Littleproud said the funding was on top of extensive DRFA assistance already available in Cook Shire after Tropical Cyclone Trevor.
This provides low interest loans of up to $250,000 to keep business running," Minster Littleproud said.
Many want to welcome customers back but are facing challenges trying to reopen.
This will make it easier for businesses to get affordable finance so they can rebuild and reopen.
Queensland Minister for Fire and Emergency Services Craig Crawford said the effects of Tropical Cyclone Trevor continued to be realised four months after the initial landfall.
Small businesses are the lifeblood of communities across Queensland, especially in remote areas such as Far North Queensland," Minister Crawford said.
I am very pleased to be able to announce the assistance measures of Small Business Loans and Essential Working Capital Loans for small businesses in Cook.
These loans have terms of up to 10 years, low interest rates of 1.32%, and no establishment fees, account maintenance fees or fees for early payout. "They are available through the Queensland Rural and Industry Development Authority and I encourage anyone seeking assistance to contact QRIDA for more information.
More information can be found on the Disaster Assist website at www.disasterassist.gov.au and the Queensland's Disaster Management website at www.disaster.qld.gov.au