www.raa.nsw.gov.au
Ahead of the NSW state election on 25 March 2023, the NSW Government caretaker period has commenced. Limited updates will be made to this website during this period.
See also: Disaster Recovery Loans
Loan Features | Seafood Innovation Fund | |
|---|---|---|
Purpose of loan | 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:
|
Maximum amount available | Up to a maximum of $1,000,000 per project | Up to a maximum of $500,000 |
Current interest rate | 2.50% fixed | 2.50% fixed |
Loan term | Up to 20 years | Up to 20 years |
Repayment | Principal + Interest | Principal + Interest |
Repayment Frequency | 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 is the RAA's first preference. The security for the loan will be determined in relation to each application. |
Establishment costs (registering security documents, title searches) | Yes | Yes |
Ongoing fees and other charges | No | No |
Extra repayments available (without incurring additional cost) | Yes | Yes |
For more information | ||
Loan Features | |||
|---|---|---|---|
Purpose | 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 | $130,000 | $25,000 | $10,000 |
| Current Interest rate | 1.69% | 1.69% | 1.69% |
Loan term | Up to 10 years preceded by 2 years repayment free | Up to 5 years | Up to 5 years |
Repayment | Principal + Interest | Principal + Interest | Principal + Interest |
Repayment Frequency | Monthly, half yearly, quarterly or annually | Monthly, half yearly, quarterly or annually | Monthly |
Security | 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 | No |
Ongoing fees and other charges | No | No | No |
Extra repayments available (without incurring additional cost) | Yes | Yes | Yes |
| Availability | 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 |