Drought Loan
RIC (Regional Investment Corporation) is offering Drought Loans to help eligible farm businesses continue to manage through drought conditions, recover once the season breaks and prepare for future droughts.
Drought Loans are available for:
- refinancing (restructuring existing debt)
- accessing new debt for operating expenses and capital expenditure.
The loan term is 10 years with interest-only repayments for the first five (5) years and principal and interest repayments for the final five (5) years. A variable interest rate applies to the loans.
Funding
Loans up to $2 million
Key dates
Ongoing