The Queensland Rural Adjustment Authority has just announced the extension of natural disaster assistance. The Authority also has funding available through First Start and Sustainability Loans.
Natural disaster assistance extended...
Flood and cyclone affected primary producers, small businesses and non-profit organisations now have until 31 January 2012 to apply for assistance under the Natural Disaster Relief and Recovery Arrangements (NDRRA). The extension allows all eligible applicants to receive the financial support they need to boost their recovery efforts.
QRAA's 'new-look' First Start and Sustainability Loans have been launched under the banner "Here for a changing landscape" to assist primary producers in creating a more profitable and sustainable primary production enterprise. Our loans provide finance for most farming projects, with loan amounts up to $650,000, low interest rates, and up to 20 year repayment terms. With no set-up costs or exit fees QRAA offers joint finance with your bank in order to help you achieve your farming dream.
Interest rates drop...
QRAA is pleased to announce that primary producers and commercial fishers can now access new lower interest rates on all new First Start and Sustainability loans. The new fixed interest rates are 6.17% for one year, 6.15% for three years, or 6.30% for five years effective from 1 July 2011 until 31 December 2011.
For further information about the programs and services available for rural and regional Queensland, please phone Freecall 1800 623 946 or visit www.qraa.qld.gov.au.