Loans for QLD primary producers significantly affected by drought

Overview

Queensland based primary producers who have significantly been affected by drought may be eligible for a loan to assist with carry-on finance.

Producers may receive one loan for up to a maximum of $250,000 over 5 years.

The loan 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 for this loan, 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 they can 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 satisfactory Farm Business Resilience Plan within a reasonable period of time.