Loans for QLD drought impacted primary producers to meet working capital expenses
Emergency Drought Assistance Loans QLDLast Updated: 30 September 2022
Emergency Drought Assistance Loans QLD
Loans are available to assist drought impacted Queensland primary producers to help them meet working capital expenses.
Application detail:
Apply at any time.
What do you get?
A loan of up to $50,000.
Who is this for?
Queensland primary producers.
Overview
Loans may be used for working capital expenses, including:
- paying employee wages
- paying creditors
- paying rent and rates
- buying goods, including fuel, for carrying on the business.
The maximum combined outstanding loan balance under both the Emergency Drought Assistance Loan and the Drought Carry-on Finance Loan is $250,000.
Check if you can apply
To be eligible, applicants must:
- demonstrate at least one person in the primary production business is a primary producer
- have carried on the primary production business for at least 12 months
- have taken reasonable precautions to minimise the effect of drought on the primary production business
- demonstrate ability to service the loan
- demonstrate financial assistance is required because the primary production enterprise has been significantly financially affected by drought
- demonstrate the primary production business cannot support carry-on from existing cash and other liquid resources, or from within existing available commercial lending facility limits
- present a Farm Business Resilience Plan, satisfactory to QRIDA within a reasonable period of time.
Apply now
Apply for the Emergency Drought Assistance Loans QLD
Find out more about your eligibility and how to apply.