The South Australian Government has partnered with the Commonwealth Government to offer financial assistance under Disaster Recovery Arrangements to those impacted by bushfires in South Australia.
Eligible South Australian small businesses, primary producers and non-profit organisations impacted by the recent bushfires on Kangaroo Island and at Cudlee Creek, as well as other SA regions, including Keilira in the state’s South-East and at Yorketown on the Yorke Peninsula, can now apply to the State Government for concessional loans to assist them rebuild or continue operating while the regions recover.
The loans, of up to $500,000, will be available to support eligible businesses restore and replace assets and property that have been significantly damaged in the fires.
Eligibility for concessional loans
Eligible businesses will operate in the local government areas of Kangaroo Island, Adelaide Hills, Mount Barker, Murray Bridge, Mid Murray, Kingston and Yorke Peninsula.
For the purpose of these loans, a small business is defined as a business that employs fewer than 20 full-time equivalent staff and includes sole traders where more than 50 per cent of the sole trader’s income comes from that business. Business with a turnover of less than $50 million, with 20 or more employees, will be considered on a case-by-case basis.
For more information about eligibility, please read Concenssional Bushfire Loans Guidelines (PDF)
Concessional loan assessments will be undertaken by the South Australian Government Financing Authority.
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