November 25, 2014
QRAA Client Liaison Officer Bill Fletcher will be running a “temporary office” at Goomeri early next month to allow primary producers to find out more about the range of financial assistance programs available.
He will be at Goomeri SES Hall, Burnett Highway, Goomeri, from 8:30am to 4:30pm on Tuesday, December 2.
Primary producers who would like to meet with Bill to discuss their individual situation should call 1800-623-946.
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Concessional loan packages include:
- Drought Concessional Loans – up to $1 million to assist farm businesses recover from and prepare for future droughts and return to viability in the longer term. These loans have an initial concessional interest rate of 4 per cent.
- Farm Finance Concessional Loans – up to $1 million to assist eligible farm businesses restructure existing farm business debt. These loans are offered at the initial concessional interest rate of 4.5 per cent.
- Sustainability Loans – up to $650,000 to help producers improve the productivity and sustainability of their enterprises.
Drought and Farm Finance loans have a maximum loan term of five years with interest only repayment options available. Over the five year term, producers could realise benefits of up to $150,000, with average benefit ranging from $20,000 to $30,000 per year (based on current approvals under the scheme).
