We thought you may find this information of interest.
Farm Finance: Concessional Loans Scheme
This is an Australian Government initiative that aims to build the ongoing financial resilience of farmers in New South Wales who are currently struggling with high levels of debt. The Concessional Loans Scheme will help farm businesses in financial hardship, but considered financially viable in the longer term, by providing eligible farmers with immediate, short-term assistance.
Loans of up to $650,000 will be available to refinance up to 50% of existing long-term commercial borrowings.
The availability of loans is subject to funds being available. The scheme is capped at $30 million per year for 2013-14 and 2014-15 (total $60 million). It is planned to operate two rounds of available funding in each of these financial years.
Round 1
- Applications Open 6th August 2013
- Applications Close 30th September 2013
- Available funds - $20 million
For more information, including detailed guidelines, click on the link below, or it can be accessed via a link on our website:
NSW RAA - Farm Finance Loans Scheme
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