Farm Finance for SA farmers available now - via Rural Business Solutions
Dec 23, 2013
Our State’s primary producers can now apply for concessional loans to help manage high levels of debt.
Under the Farm Finance scheme, eligible farm businesses can restructure existing debt through low-interest loans helping them to better manage their finances.
Five year loan terms are applicable on amounts ranging from $200,000 up to $650,000 to businesses that are considered financially viable long-term.
The scheme will be managed and administered by Primary Industries and Regions SA (PIRSA) with $25 million available each year over the next two financial years.
The scheme supports producers with an initial focus on restructuring up to 50 per cent of eligible debt.
Rural Business Support has been working with clients since the announcement of farm finance ensuring that eligible businesses have their paperwork in order and ready to go. This is crucial as applications will be processed in the order they are received.
As part of the application process, primary producers will need to complete an application form and submit to PIRSA Prudential & Rural Financial Services together with supporting documents including a business plan.
Rural financial counsellors are available to assist with the application process.
Application forms, FAQs and guidelines are available at
www.pir.sa.gov.au/farm-finance
Freecall 1800 182 235
Further information is available at www.daff.gov.au
The first round of applications close on 31 March 2014 unless funds are fully committed prior.
To make an appointment please contact:
your local rural financial counsellor
Freecall 1800 836 211
or John Christensen, Rural Financial Counsellor (Farm Finance)
Mobile 0448 063 189
www.ruralbusinesssupport.org.au
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