$500,000 Drought loans for farm-dependent small businesses

Loans of up to $500,000 will be available with a two-year interest-free period. Following those first two years, concessional interest-only payments will apply before principal and interest payments are required in the final five years of the 10-year loan term.

The Australian Government continues to support small businesses affected by the ongoing drought in many parts of Australia. As drought continues to hit small businesses across rural Australia, the RIC’s AgBiz Drought Loans will offer financial relief.