Financial Support for Cyclone-Affected Businesses: QRIDA Disaster Assistance Loans.
In the wake of Tropical Cyclone Alfred and the associated severe weather events across Queensland between 1–16 March 2025, many small businesses, farmers, and community organisations face significant hardship. At Alchemy Accountants, we understand how devastating these events can be—not only to your livelihood but also to the well-being of your family and community.
To support recovery efforts, the Queensland Rural and Industry Development Authority (QRIDA) provides Disaster Assistance Loans to help affected primary producers, small businesses, and non-profit organisations recover and rebuild.
What Disaster Assistance is Available?
1. QRIDA Disaster Assistance Loans
Eligible businesses and primary producers can access low-interest loans up to $250,000 to:
- Repair or replace damaged buildings, plant, equipment, and livestock.
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Cover essential business costs such as rates, rent, or operational expenses.
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Restore normal business operations.
Non-profit organisations can access loans up to $100,000 to:
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Repair or replace essential infrastructure and equipment.
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Replenish essential stock and supplies.
2. QRIDA Essential Working Capital Loans
For businesses that have experienced a significant loss of income, loans of up to $100,000 are available to assist with:
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Wages and salaries.
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Paying creditors and suppliers.
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Purchasing essential stock and goods.
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Covering operational costs during recovery.
Loan Features
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Loan limits: Up to $250,000 (businesses) / $100,000 (non-profits and working capital)
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Interest rate: 2.14% (current as of March 2025)
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Loan term: Up to 10 years, with up to 2 years interest-only if required
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No fees: No establishment, account maintenance, or early payout fees
Who is Eligible?
You may be eligible if:
Applications close on 31 December 2026. Full details and application forms can be accessed at:
We’re Here to Help You Recover
At Alchemy Accountants, we’re more than just your accounting firm—we’re part of your community. Our team is here to help you navigate the QRIDA loan application process, especially with preparing the financial reports, cash flow forecasts, and supporting documentation required.
Whether you’re a small business owner, farmer, or local organisation, we’re ready to support you through this difficult time with personalised, expert advice.
Alchemy Accountants provide both bookkeeping and accounting services to a range of industries. If you are looking for a bookkeeper/accountant that understands your business, please reach out to us. If you only see your accountant once a year, it may be time to find a new one.
We will work closely with you towards business success. Contact us for a FREE consultation.
