Disaster Recovery Fact Sheet Guide to applying for Natural

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					Disaster Recovery Fact Sheet
Guide to applying for a Natural Disaster Relief
and Recovery Assistance Loan or Grant
The Queensland Government is offering small businesses and primary producers affected by the recent natural disaster a
grant of up to $25,000 and loans of up to $250,000. For details of these assistance programs and application forms
visit www.qraa.qld.gov.au.
It is important that you understand the terms and conditions for financial assistance, even if you are applying for grants
which are not repayable. If you accept any grant funds without adhering to the terms and conditions, you could be liable
for repayment of the funds. If at any time you are uncertain, it is best to seek advice before proceeding.
If you are considering applying for a Natural Disaster Relief and Recovery Assistance Loan, it is important to first
carefully assess the financial position of your business and what it will take to rebuild and reestablish your business
operations (see the Financial Considerations in Rebuilding and Re-establishing Your Business Fact Sheet).
It is recommended that you seek financial advice prior to applying for any business debt to ensure that you have taken
into consideration your particular circumstances.
Tips for completing the loan application
When completing a NDRRA loan application refer to the advice below. Reference is made to the various sections of the
loan application form, so it may be useful to have the form handy while considering these tips.
If you require assistance in completing this form or in gathering a business plan, cash flow projections or any supporting
documentation call CCIQ’s Natural Disaster Assistance number 1300 548 044.

Section 3
If you have an up to date business plan that covers, at the very least, the current financial year, it would be a good idea
to attach it or at least include an executive summary in this section. If you don’t have a current business plan, try to
include some information that gives evidence that you are going to continue and grow your business.

Section 4
When filling in this section, it is a good idea to keep in mind the nature of assistance that is specified in the terms
and conditions. This will help guide what information you should include and also the requests that are likely to be
considered appropriate under the scheme.
This section also asks for information about your insurance coverage and any claims that you have initiated in response
to the flooding. It is important, therefore, that you have this information available and include it prior to completing
the application.




                                            DISASTER RECOVERY FACTSHEET: #1
                                   Contact Chamber of Commerce & Industry Queensland
Natural disaster enquiries: 1300 548 044 | Employer Assistance Line: 1300 135 822 | Visit: www.cciq.com.au/naturaldisasters

                                                                                                   Invigorating Business
Section 5
This section requires you to detail the funding you will need to return your business to normal operations and the sources
of funding available to you. You will also need details of your bank account balances and any debt or finance facilities
available to you and your business.
Take into consideration the full range of costs that will be incurred in returning your business to normal operations
including equipment, inventory, office supplies, recovery expenses, IT, transportation, marketing, employment expenses,
temporary office space or warehousing and working capital considerations.
When selecting a loan amount, term and preferred repayment arrangements, it is a good idea to seek financial advice to
make sure that your selection aligns with your business objectives and cash flow requirements.
You will also be required to fill out a cash flow projection spreadsheet for this section.

Section 6 & 7
These sections require you to detail your ownership of any real estate or other property. As you will discover in
Section 8 of the application form, this is required because you will be asked to provide security for the loans granted
under the scheme.

Section 9-11
These sections will require you have access to historical and up to date financial information. If you have lost access to
this data as a result of the floods, you will need to seek assistance with reconstructing your financial statements from
your accountant or an IT specialist that has experience with data recovery. If your accountant or IT professional has been
affected by the flood, CCIQ can put you in contact with professionals that can assist.

Section 12
This is a list of the supporting documentation that is required to be submitted along with your application. Here is the
requirement for a schedule of account details to be filled out by each financial institution with which you currently
do business.
This information has been prepared by Luminous, Chamber of Commerce & Industry Queensland’s Business Advisory Division.

Disclaimer
CCIQ has used reasonable care and skill in compiling the content of this material. However, CCIQ makes no warranty as to the
accuracy or completeness of any information in these materials. These materials are intended to be a guide only. No part of these
materials or any other materials are intended to be advice, whether legal or professional. You should not act solely on the basis
of the information contained in these materials as parts may be generalised. Further, as laws change frequently, all practitioners,
readers, viewers and users are advised to undertake their own research or to seek professional advice to keep abreast of any reforms
and developments in the law.

Limitation of liability
To the extent permitted by applicable law, CCIQ, its employees, agents and consultants exclude all liability for any loss or
damage claims and expenses including but not limited to legal costs, indirect special or consequential loss or damage
(including but not limited to, negligence) arising out of the information in the materials. Where any law prohibits the exclusion of
such liability, CCIQ limits its liability to the re-supply of the information.




                                                DISASTER RECOVERY FACTSHEET: #1
                                       Contact Chamber of Commerce & Industry Queensland
 Natural disaster enquiries: 1300 548 044 | Employer Assistance Line: 1300 135 822 | Visit: www.cciq.com.au/naturaldisasters

                                                                                                           Invigorating Business