Official source checkedSA

Marine Recovery Loan

Regional Investment Corporation (RIC) · Checked 2026-10-16

The Marine Recovery Loan provides financial assistance to aquaculture and wild catch fishing businesses in South Australia that were significantly impacted by the marine harmful algal bloom first detected in March 2025. The loans are intended to help these businesses manage through the impact and recover, with eligible uses including refinancing existing debt, paying operating expenses, and capital expenditure.

Form of value

Grant funding

Indicative value

Loans of up to $250,000

Current availability

Apply at any time.

Before you act: The program is currently open and accepting applications at any time for eligible businesses.

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Preliminary eligibility check

Your answers stay in this page and are not an official assessment.

Must be an aquaculture or wild catch fishing business
Must be significantly impacted by the marine harmful algal bloom first detected in March 2025 off the coast of SA
Must demonstrate a material reduction in turnover caused by the algal bloom
Must be registered for tax purposes in Australia with an ABN
Must be registered for GST
Must have existing commercial debt at the time of application
Must be financially viable in the long term