In early November, the Government announced it will provide concessional “drought loans” for small businesses dependent on agriculture, as well as improving the terms of loans under the existing scheme for farmers.

The business drought loans will be up to $500,000 per business, with a small business defined as one with 19 or fewer employees. The loans will include a two year interest free period and interest only payments for years three to five, with interest and principal repayments in years six to ten.

For further information, visit https://theconversation.com/government-sets-up-concessional-loan-scheme-for-drought-hit-small-businesses-126529