Who for? Small businesses that are struggling because they rely on farming enterprises in drought areas.
How much? Funding of up to $10,000 p.a.for 2 years.
What for? To assist small businesses that are in financial difficulty due to their dependence on farming enterprises in an Exceptional Circumstance area and who would have had long-term prospects of viability had exceptional circumstances not happened.
The support will facilitate one or more of the following strategies:
- improvements in business viability;
- business continuity;
- debt restructuring.
Assistance will be provided as an interest subsidy for new or existing commercial loans.