Loans for QLD drought impacted primary producers to meet working capital expenses

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.