Get financial help: farm businesses

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

Business Improvement Concessional Loans guidelines (340.0 kb)
Business Improvement Concessional Loans guidelines (148.6 kb) 

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.

Business Improvement Concessional Loans form (1.7 mb)
Business Improvement Concessional Loans form  (4.5 mb)

Step 2. Submit the form and supporting documents

Submit the form and supporting documents by mail, email or fax to:

Business Improvement Concessional Loans
c/o QRIDA
GPO Box 211
Brisbane QLD 4001
contact_us@QRIDA.qld.gov.au
Fax: (07) 3032 0300

Contact

To find out more contact the Department of Primary Industry and Resources by calling (08) 8936 4089 or emailing david.collinson@nt.gov.au.

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Last updated: 13 October 2017