Media | State News

Labor shut door to small business loan program

23rd April 2020

LNP Shadow Minister for Small Business Fiona Simpson said small businesses had been left stranded by the Labor Government after they were told applications for the QRIDA concessional loan program had closed.

“Many Queensland businesses were relying on these loans to endure tough economic times and keep their doors open,” Ms Simpson said.

“There was no advance warning from the State Government that they would prematurely close applications for these crucial concessional loans and many business owners today have been left stranded.

“The Queensland State Government has one of the poorest relief packages for small businesses in the nation.

“Queensland is the only state that doesn’t offer direct grants to help the mum and dad small business operators.

“Labor can find money for Virgin Airlines but they’ve already forgotten many worthy businesses who have asked for this help.

“Queensland small businesses are being left behind other states and the Palaszczuk Labor Government has to step up and provide more rapid emergency relief and real help.

“More than 10,000 businesses have gone bust since Jackie Trad became Treasurer.

“It’s disappointing the Labor Government was more interested in bailing out Virgin, a largely foreign-owned company, rather than keeping Queensland businesses open.”