How Mortgage Choice in Gippsland can help businesses recover from Bushfires


To say it’s been a difficult summer is a massive understatement. Australia’s bushfire crisis has impacted entire communities with significant damage to property, land, stock and businesses.

In those areas most affected by bushfires, small businesses typically form the backbone of local economy.  And they’ve been doing it tough. That’s why Mortgage Choice brokers are playing a role helping small businesses get back on their feet.

New relief measures.

Small businesses impacted by the bushfires can claim a range of relief measures recently announced by the Federal Government. These include:

Immediate tax-free cash grants of up to $50,000.

Grants are available for eligible small businesses that have sustained damage as a result of the fires.

The grant is not just available to businesses that have experienced direct fire damage. It can also be claimed by those that have, for example, lost stock through power outages[1]. This gives small businesses an opportunity to claim expenses that may not be covered by their insurance.

Concessional loans of up to $500,000.

Concessional loans are available to small businesses that have suffered either significant asset or revenue loss.

No repayments are due on these loans for the first two years, and no interest charges apply during that time. After the first two years, an interest rate equal to half the 10-year Commonwealth government bond rate – about 0.6%, will apply, with repayment terms of up to 10 years[2].

New Small Business Bushfire Financial Support Line.

The support line provides a single point of contact for businesses to learn about the various relief measures that are available. While the specialist line is being established, businesses can call 13 28 46[3] for information.

Tax relief for small businesses.

The Tax Office has also come on board to help small businesses in bushfire-impacted postcodes manage their cash flow.

Eligible businesses will have until 28 May 2020 to lodge and pay their BAS and income tax returns. Impacted businesses that normally pay their PAYG instalments quarterly are now able to vary these instalments to $0 for the December 2019 quarter and claim a refund for any instalments made in the September 2019 quarter.

How Dane at Mortgage Choice in Sale can help

All these measures are welcome. But there are additional steps small businesses can take to fast-track the recovery process. And it’s an area where Mortgage Choice Sale is eager to help.

Many small businesses rely on commercial finance to smooth out their cash flow, provide working capital, or to fund plant and equipment purchases.

It’s important for any bushfire-impacted business to speak to the Mortgage Choice team in Gippsland to find out if their current lender is offering any relief measures on business finance, and to discover the different financing options available to get back on track.

As Dane and Bridie are small business owners themselves, they have a clear understanding of the pressures and challenges involved.

By partnering with us, small business owners can focus on getting their daily activities back to normal, while we work behind the scenes liaising with lenders and tracking down appropriate funding strategies where necessary. It’s another valuable step fire-affected businesses can take to regroup, recover and rebuild.

If you would like to find out more about the First Home Loan Deposit Scheme, call Dane from Mortgage Choice in Sale on 0438 626 885 or visit



Dane Heinrich

Mortgage Broker - Mortgage Choiced in Sale

Dane has been a mortgage broker for the last 8 years, and has a further 7 years experience in the banking industry. Dane was schooled in Maffra and has been living & working in Sale and the Latrobe Valley area for the last 15 years. He understands first-hand the specific needs of the regional borrower. That's why he's passionate about the value and panel of lenders he can offer at Mortgage Choice in Sale!
Call Dane on 0438 626 885
or email:

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