Applications OPEN for the Queensland Government’s COVID-19 Jobs Support Loan scheme
Mar 27, 2020
$500 million COVID-19 Jobs Support Loans - Applications open
Applications are now open for the Queensland Government’s $500 million COVID-19 Jobs Support Loans.
These loans are available to assist Queensland businesses and non-profit organisations financially affected by COVID-19 to retain employees and maintain their operations.
Eligible business types include sole traders, partnerships, private and public companies and Trusts. Loans may be used to help meet a business’s working capital expenses such as paying employee wages, sundry creditors, rent and rates and other eligible carry-on expenses.
Loan features
Maximum loan up to $250,000
No repayments or interest charged for the first year
Plus two years interest only
2.5 % fixed interest rate
10-year term of loan
Open until 25 September 2020 or when funding is fully committed
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