Small Business Interest Rate Subsidy

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Small Business Interest Rate Subsidy

Funding Providers

Department of Fire and Emergency Services (WA)

Location

WA

Funding Type

Low or no-interest loan U00363

Primary Category

Bushfire and disaster relief

Eligible to

  • Businesses
  • Individuals

Funding

Amount (max): $6,000
Total pool: Undisclosed

Round(s)

Ongoing

Purpose

This program provides interest rate subsidies on loans for WA small businesses impacted by an eligible disaster.

Overview

An interest rate subsidy may be available to small businesses for new loans to repair/replace assets that have been damaged or destroyed as a direct result of an eligible disaster, and for which the Disaster Recovery Funding Arrangement Western Australia (DRFAWA) assistance measure has been activated.

How much do you get?

Maximum subsidy of $6,000.

Who is this for?

WA small businesses impacted by an eligible disaster.

Limitations

To be eligible, a small business proprietor(s) must:

  • Be a registered small business with an Australian Business Number (ABN)
  • Employ less than 20 full-time equivalent staff
  • Demonstrate to the satisfaction of a DFES Disaster Recovery Funding Officer that the small business operates locally. Public companies are not eligible
  • 0Be actively engaged in the operation of the small business and derive the main source of income from that small business
  • Demonstrate to the satisfaction of the ADTI that the funds required are not available from their own resources
  • Demonstrate to the satisfaction of a DFES Disaster Recovery Funding Officer that the items for which the loan is required occurred as a direct result of a natural disaster.

Applications / Guidelines

Application methods: Email

Contact Details

We take pride in ensuring our data is up to date and accurate, but you should not rely on our data alone. Please double-check important information on the funder's website before applying.