Loans for QLD primary producers significantly affected by drought
Drought Carry-on Finance Loans QLD
Apply at any time.
What do you get?
Loans of up to $250,000.
Who is this for?
Queensland 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.
Apply now
Apply for the Drought Carry-on Finance Loans QLD
Find out more about your eligibility and how to apply.
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