If you or one of your loved ones is a small business owner, you know that the financial success and security of your family depends heavily on the success and security of your business. But if your business was affected by the bushfires, it can be hard to see a road ahead for you and your loved ones.
In order to help ease the recovery, the Federal Government has designated a portion of funds from the national disaster recovery fund to be distributed as grants and loans to small business owners in disaster-affected areas.
The top-up grants available can range anywhere up to $50,000 tax-free, while low-interest loans of up to $500,000 are also available for businesses that have experienced a major dip in revenue or lost significant assets as a result of the bushfires.
Together, these grants and loans are designed to help you restore or replace damaged assets or regain working capital to aid in the recovery of your business.
While the fine details of these financial relief options are still being finalised, there is currently no cap on the number of grants and loans available. This means that if you are a small business owner that has been affected by the bushfires, it’s important you reach out to an agent of the National Bushfire Recovery Agency to learn how you can benefit from a grant or loan.
Click here for more information on the financial support options available for small business owners that have been affected by the bushfires.