Drought

Infrastructure

 

Natural Disaster Loans

Loan Features

Drought Assistance Fund

Farm Innovation Fund

Seafood Innovation Fund

Primary Producers & Small Business Operators

Not for Profit Organisations

Sporting & Recreational Clubs

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.

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

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

$250,000 per year

$500,000

$130,000

$25,000

$10,000

Current interest rate

Interest free

2.50% fixed

2.50% fixed

1.37% fixed

1.37% fixed

1.37% fixed

Loan term

7 years

Up to 20 years

Up to 20 years

Up to 10 years preceded by 2 years repayment free

Up to 5 years

Up to 5 years

Repayment

2 years repayment free from fully drawn date and then up to 5 years of principal only repayments

Principle + Interest

Principle + Interest

Principle + Interest

Principle + Interest

Principle + 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, half yearly, quarterly or annually

Monthly

Security

Statutory Charge

Statutory First Charge and Registered Caveat over property

Statutory First Charge and Registered Caveat over property

Registered Mortgage over land

Registered Mortgage over land

Agreement from Committee Members that loan will be repaid

Establishment costs (registering security documents, title searches)

Yes

Yes

Yes

Yes

Yes

No

Ongoing fees and other charges

No

No

No

No

No

No

Extra repayments available (without incurring additional cost)

Yes

Yes

Yes

Yes

Yes

Yes

For more information

NSW RAA Loans