Tasmanian Government logo
Department of
State Growth


Grants and funding

Tasmanian Flood Recovery logo

Flood Recovery Loan Scheme

The Tasmanian Government is providing a Loan Scheme to assist primary producers and small businesses directly affected by the June 2016 floods.

The loan scheme will provide loans ranging from a minimum of $25 000 to a maximum of $200 000 for eligible businesses located in areas affected by the June 2016 floods.

Assistance is now available in the local government areas of:

Break O’Day Burnie Central Coast
Central Highlands Circular Head Derwent Valley
Devonport Dorset George Town
Glamorgan/Spring Bay Huonville Kentish
Latrobe Launceston Meander Valley
Northern Midlands Southern MidlandsWaratah-Wynyard
West Tamar  

Key features of the Flood Recovery Loan Scheme

  • Loans are available for eligible primary producers and small businesses.          
  • Loan funds are to be used for essential working capital and/or replacement and repair of damage caused to the property, associated improvements and equipment not covered by insurance.          
  • Loan amounts will range from $25 000 to $200 000.          
  • Loans will be offered for a maximum term of seven years.          
  • Initial interest and repayment free periods of up to two years are available.          
  • Loans must be repaid in full or fully refinanced at the end of the agreed loan term.          
  • Applications will be assessed on the criteria included in the guidelines.          

Eligibility

To be eligible for a Flood Recovery Loan, an applicant must demonstrate that they meet the Flood Recovery Loan Scheme eligibility criteria. 

Detailed information about the eligibility and assessment criteria is available in the scheme guidelines.

Guidelines

Application period extended

The application period for the Flood Recovery Loan Scheme opened on 27 June 2016 and has been extended to 31 March 2017.

How to apply

Those wishing to apply should first contact one of the Department of State Growth’s finance managers through Business Tasmania on 1800 440 026.

An application form will be provided once eligibility has been confirmed.

Eligible applicants should lodge their completed application form including the required documentation by post to:

Senior Program Manager
Flood Recovery Loan Scheme
Department of State Growth
GPO Box 536 Hobart TAS 7001

or

email: businessfinance@stategrowth.tas.gov.au

Applications lodged after the advertised application period closing date will not be accepted.

Visit the TasAlert Website for further information on flood assistance.

Tas ALERT