www.raa.nsw.gov.au
See also: Disaster Recovery Loans
Drought | Infrastructure | |||
|---|---|---|---|---|
Loan Features | Seafood Innovation Fund | NSW Forest Industries Innovation Fund | ||
Purpose of loan | Interest free loans to cover 100% of costs (GST exclusive) to assist with:
| To meet the cost of carrying out permanent capital works that fall in to 4 main categories:
| To meet the cost of carrying out permanent capital works in these four key areas:
| Long-term low-interest loans for projects that will:
|
Maximum amount available | $50,000 in 2018/19 | Up to a maximum of $1,000,000 per project | Up to a maximum of $500,000 | Up to a maximum of $3,000,000 per project |
Current interest rate | Interest free | Interest waived until 31 December 2020 | Interest waived from 1 July 2020 until 31 December 2020 | 2.50% fixed |
Loan term | 7 years | Up to 20 years | Up to 20 years | Up to 20 years |
Repayment | 2 years repayment free from fully drawn date and then up to 5 years of principal only repayments | Principal + Interest | Principal + Interest | Up to 20 years |
Repayment Frequency | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually |
Security | Statutory First Charge and Registered Caveat over property | Statutory First Charge and Registered Caveat over property | Statutory First Charge and Registered Caveat over property | The security for the loan will be determined in relation to each application. A statutory charge may be taken. |
Establishment costs (registering security documents, title searches) | Yes | Yes | Yes | Yes |
Ongoing fees and other charges | No | No | No | No |
Extra repayments available (without incurring additional cost) | Yes | Yes | Yes | Yes |
For more information | ||||
NSW Bushfires from 31 August 2019 | Natural Disaster Loans | |||||
|---|---|---|---|---|---|---|
Loan Features | Special Disaster Loans - Bushfire Working Capital Loan Primary Producers, Small Businesses and Not-For-Profits | Special Disaster Loans - Bushfire Recovery Loan Primary Producers, Small Businesses and Not-For-Profits | ||||
Purpose | To provide immediate funds for essential expenses, such as paying; salaries or wages, rent, lease and rates, goods or services, buying fodder or water for livestock or produce or transporting livestock or produce. | For repairing or replacing; damaged plant and equipment, buildings and fences, supplying stock to replace lost stock and maintain liquidity of the business, purchasing livestock to replace those that have been lost in a disaster; or replanting, restoring, or re-establishing areas that were affected by the disaster. | To meet the essential working capital required to continue operations and the replacement and repair of damage caused to property and associated improvements not covered by insurance. | To meet the restoration of essential facilities, equipment or other assets that have been damaged or destroyed; and/or temporary storage or leasing of alternate premises. | To meet the restoration of essential facilities, equipment or other assets that have been damaged or destroyed. | |
Maximum amount available | $50,000 | $500,000 | $130,000 | $25,000 | $10,000 | |
| Current Interest rate | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% | |
Loan term | Five years | Ten years | Up to 10 years preceded by 2 years repayment free | Up to 5 years | Up to 5 years | |
Repayment | Two years repayment and interest free from fully drawn date, then principal and interest | Two years repayment and interest free from fully drawn date, then principal and interest | Principal + Interest | Principal + Interest | Principal + Interest | |
Repayment Frequency | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually | Monthly | |
Security | None | Registered mortgage over land | Registered Mortgage over land | Registered Mortgage over land | Agreement from Committee Members that loan will be repaid | |
Establishment costs (registering security documents, title searches) | No | No | Yes | Yes | No | |
Ongoing fees and other charges | No | No | No | No | No | |
Extra repayments available (without incurring additional cost) | Yes | Yes | Yes | Yes | Yes | |
| Availability | Closes: 15 December 2020 | Closes: 15 December 2020 | Available in the event of a declared natural disaster | Available in the event of a declared natural disaster | Available in the event of a declared natural disaster | |
| More information | ||||||