Queensland based primary producers who have been significantly affected by drought may be eligible for a Drought Carry-on Finance Loan to assist with carry-on finance.
Producers may only receive one loan in any five year period up to a maximum of $250,000.
The loan may be used for working capital expenses, such as paying employee wages, paying creditors, paying rent and rates and buying goods for carrying on the business.
The maximum combined outstanding loan balance under both the Emergency Drought Assistance Loan and the Drought Carry-on Finance Loan is $250,000.
This paper provides an overview of the Drought Carry-on Finance Loan and has been written under the following headings:
- Overview Of Assistance
- Administering Entity
- Funding Available
- Eligible Expenditure
- Ineligible Expenditure
- Eligibility Criteria
- Farm Business Resilience Plan Requirements
- Loan Terms, Interest Rates and Repayments
- Loan Security
- Further information
