Regional Investment Corporation – Farm Loans

The Regional Investment Corporation opened on 1 July 2018 and will deliver new low-interest loans directly to farm businesses.

The Australian Government established the Regional Investment Corporation (RIC) to deliver up to $2 billion in Commonwealth farm business concessional loans and the $2 billion National Water Infrastructure Loan Facility.

Loans are available under two categories:

Farm Investment Loans:

Overview

  • No fees
  • 3.58% variable interest rate
  • Up to $1 million
  • Apply anytime

Who can apply

Owners of farms and related farm businesses who:

  • are in need of financial help
  • mainly sell (or plan to sell) products into supply chains that are interstate or outside Australia
  • are financially viable in the long term

Use this loan to

  • improve long-term strength, resilience and profitability
  • diversify your markets
  • ​refinance existing debt
  • prepare for, manage through or recover from drought
  • access new debt for operating expenses and capital

Find out more about Farm Investment Loans and eligibility

Drought Loans

Overview

  • No fees
  • ​3.58% variable interest rate
  • Up to $1 million
  • Apply anytime

Who can apply

Owners of farm businesses who are:

  • in need of financial help
  • in an eligible area of Australia
  • ​financially viable in the long term

Check your location on our eligible area map.

Use this loan to

  • prepare your farm business for drought
  • manage and recover from the effects of drought
  • refinance existing debt
  • access new debt for operating expenses and capital

Find out more about RIC Drought Loans

By |August 2nd, 2018|Grants and Finance, News, Opportunities|

About the Author:

APAL is an industry representative body and non-profit membership organisation that supports Australia’s commercial apple and pear growers.