Grants and Loans


Quick Links:

Concessional Loans (Job Support)

As part of the Queensland Governments response to COVID-19, a $1 billion loan scheme was delivered by the Queensland Rural and Industry Development Authority (QRIDA) between March and September 2020. Now closed, the scheme has assisted 7,000 Queensland businesses and supported 86,000 local jobs.

If you now have a COVID-19 Loan with QRIDA you can find important information regarding the ongoing management of your loan on the QRIDA COVID-19 Jobs Support Loan page. A wide range of other government assistance remains available for Queensland businesses impacted by COVID-19, please visit for more information.


Diversification Grants for the Commercial Fishing Industry

Full summary here.


Market diversification grants of up to $50,000 will be available to support the commercial fishing industry. 

The grants will be available to support activities including but not limited to: 

  1. market evaluation studies 
  2. market visits 
  3. training 
  4. new processing equipment such as refrigeration or vacuum packaging machines 
  5. boat modifications to meet new market requirements 


Am I eligible?

Grants are targeted towards businesses involved in the commercial fishing industry. 


How to access

Contact the Department of Agriculture and Fisheries (DAF) on 13 25 23 for information on how to apply. 


Loans from Non-Banks  

Full summary here.


Unsecured loans of up to $250,000 will be made available through participating non-bank lenders. 50% of the loan will be guaranteed by the federal government in the case that you become unable to repay in the future. 

The loans will carry a maximum term of 3 years and there will be no requirement to make loan repayments for the first 6 months after the funds have been granted.

From 1 October 2020, eligible lenders will be able to offer additional support for a broader range of purposes. After 1 October:

  • The maximum loan sizes will be increased to $1 million per borrower
  • Loan terms can be up to 5 years with the same six month payment holiday (at the discretion of the lender)
  • Loans can be either secured or unsecured (excluding for commercial or residential property)

Am I eligible?

Loans will be made available to businesses with a turnover of up to $50 million following a full application process with the relevant non-bank lender: 

How to access

The government has approved 44 lenders to participate in the guarantee scheme. A full list of participating lenders can be found here. It is advised that you get in contact with a trusted local finance broker to connect you with an appropriate lender.

Seeking credit assistance from existing lenders 

RBA summary here. 

Government summary here. 


There has been a reduction in the cash rate (currently 0.25%). This is expected to reduce the interest charge of existing (variable) or new loans. 

The central bank and Australian government have also injected $105 billion into the financial system to boost access to loanable funds for smaller and non-bank lenders. 

Finally, the government has reduced the compliance surrounding responsible lending obligations for lenders providing credit to existing business customers. This exemption is for 6 months, and applies to any business credit including: 

  1. new credit 
  2. credit limit increases 
  3. credit restructure 


How to access

If you have existing loans with an Australian lender, it is advisable that you contact your relevant lending manager for support.