Get financial help to reduce your debt
Farm businesses that are recovering from financial hardship can get up to $1 million if they have used up their 1,095 days of Farm Household Allowance.
This funding is available as a Business Improvement Concessional Loan.
These loans can be used to restructure eligible debt including existing Commonwealth concessional loans.
They are subject to funds being available.
Who can apply
Loans are for farm businesses that want to restructure a debt.
Other conditions apply. To find out more read the Business Improvement Concessional Loans guidelines
What you can get
You can loan up to 50% of the farm business' final debt position up to $1 million.
The maximum loan term is 10 years with interest-only repayments for the first five years.
At the end of the loan term, the farm business must repay or refinance the remaining loan balance.
Principal and interest repayments apply for the last five years of the loan calculated on the basis of a 10-year loan term.
When you can apply
Applications close 30 June 2018.
How to apply
To apply for a loan follow these steps:
Step 1. Fill in the form
Fill in the Business Improvement Concessional Loans form.
Step 2. Submit the form and supporting documents
Submit the form and supporting documents by mail, email or fax to:
Business Improvement Concessional Loans
GPO Box 211
Brisbane QLD 4001
Fax: (07) 3032 0300
To find out more contact the Department of Primary Industry and Resources by calling (08) 8936 4089 or emailing email@example.com.