Loans to cooperatives engaged in processing and storing primary product

Overview

The scheme enables cooperatives to claim generous Commonwealth taxation benefits on the loan facility, by claiming interest, depreciation, and principal repayments, where the loan is provided by a government source.

Check if you can apply

Your cooperative must meet these conditions to be eligible for the loan:

• the cooperative must operate in South Australia and the primary object of the business must be the acquisition of commodities or animals from its shareholders
• shares representing at least 90% of the value of cooperative must be held by people who supply the cooperative with commodities or animals for business purposes
• the loan must relate to improving marketing, packing, processing, or storage of primary industry commodities of its shareholders
• the loan must be secured with an unconditional bank guarantee from a financier who meets relevant requirements
• the cooperative must demonstrate that it is viable and able to repay the loan.