{"id":250912,"date":"2020-01-19T12:35:06","date_gmt":"2020-01-19T02:35:06","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=250912"},"modified":"2020-09-17T16:15:56","modified_gmt":"2020-09-17T06:15:56","slug":"loans-to-support-rural-businesses","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2020\/01\/19\/loans-to-support-rural-businesses\/","title":{"rendered":"Loans To Support Rural Businesses"},"content":{"rendered":"
\"\"<\/a>
Drought Minister and Member for Maranoa David Littleproud<\/figcaption><\/figure>\n

January 19, 2020<\/strong><\/p>\n

“Farm-dependent” small businesses affected by the drought will be eligible for new 10-year Regional Investment Corporation (RIC) loans from Monday (January 20).<\/p>\n

Drought Minister and Member for Maranoa David Littleproud announced the new support on Friday.<\/p>\n

\u201cAs drought continues to hit small businesses across rural Australia, the RIC\u2019s AgBiz Drought Loans will offer financial relief,\u201d Mr Littleproud said.<\/p>\n

\u201cSmall businesses are the lifeblood of our regional communities and they\u2019re doing their best to serve farm businesses also affected by this drought.<\/p>\n

\u201cThose businesses – livestock transporters, equipment repairers, harvesting contractors \u2013 can use these small business drought loans to refinance existing debt or just keep their businesses going until the drought breaks.<\/p>\n

Loans of up to $500,000 will be available with a two-year interest-free period.<\/strong><\/p>\n

After this, concessional interest-only payments will apply before principal and interest payments are required in the final five years of the 10-year loan term.<\/p>\n

Guidelines and application forms for these new loans will be available on the RIC\u2019s website www.ric.gov.au<\/a><\/strong> on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"

“Farm-dependent” small businesses affected by the drought will be eligible for new 10-year Regional Investment Corporation (RIC) loans from Monday (January 20).<\/p>\n","protected":false},"author":20,"featured_media":276803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,3,24],"tags":[1134],"yoast_head":"\nLoans To Support Rural Businesses - southburnett.com.au<\/title>\n<meta name=\"description\" content=\""Farm-dependent" small businesses affected by the drought will be eligible for new 10-year Regional Investment Corporation (RIC) loans from Monday (January 20).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2020\/01\/19\/loans-to-support-rural-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loans To Support Rural Businesses - 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