Regional Investment Corporation (RIC) Drought Loan
Form number: RIC Drought Loan application
A concessional 10-year loan of up to $2 million to help farm businesses prepare for, manage through, or recover from drought. The interest rate is set quarterly by the Treasurer and is materially below commercial bank rates. The first 5 years are interest-only; the next 5 years are principal-and-interest.
Official source
ric.gov.auRelated topics
ric drought loanregional investment corporationconcessional drought loanfarm financedrought financecommonwealth drought loandrought relief loanfarm drought assistanceagricultural drought supportdrought recovery fundingfarm business loan droughtconcessional farm loandrought affected farmerslow interest farm loandrought hardship loanfarming drought helprural drought financegrantsfundingbusiness grant
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