This information is current as at 18 September 2020.

See also: Disaster Recovery Loans

Drought

Infrastructure

Loan Features

Drought Assistance Fund

Farm Innovation Fund

Seafood Innovation FundNSW Forest Industries Innovation Fund

Purpose of loan

Interest free loans to cover 100% of costs (GST exclusive) to assist with:

  • Transport of stock, fodder and/or water
  • Fodder & water Infrastructure
  • Banking of genetic material
  • Activities that promote profitability and resilience as a result of on-farm investment

To meet the cost of carrying out permanent capital works that fall in to 4 main categories:

  • Preparedness
  • Environmental
  • Farm Infrastructure
  • Natural Resources.

To meet the cost of carrying out permanent capital works in these four key areas:

  • Preparedness
  • Environment
  • Fishing & Aquaculture Farming Equipment & Asset
  • Transport & Logistics

Long-term low-interest loans for projects that will:

  • Improve the profitability of the NSW timber industry and drive employment growth;
  • Drive new investment and innovation to enhance the NSW forestry industry; and/ or
  • Position the NSW forestry industry to adjust and capitalise on new opportunities.

Maximum amount available

$50,000 in 2018/19
$50,000 in 2019/20
$100,000 in 2020/2021

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 RAA Loans

Disaster Recovery Loans

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

Primary Producers & Small Business Operators

Not for Profit Organisations

Sporting & Recreational Clubs

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 2020Closes: 15 December 2020Available in the event of a declared natural disasterAvailable in the event of a declared natural disasterAvailable in the event of a declared natural disaster
More information

https://www.raa.nsw.gov.au/disaster-assistance