The 2017–18 Farm Business Concessional Loans Scheme is open to support eligible farm businesses in Tasmania.
Fast facts: -
Three loan types are available - Drought Assistance, Dairy Recovery and Business Improvement.
- Loan amounts are up to $1 million in total, with an initial variable concessional interest rate of 3.09 per cent for a maximum term of 10 years.
- Interest-only repayments are available for the first five years of the loan term, with principal and interest repayments for the next five years.
- $10 million is available for concessional loan funding in Tasmania until 30 June 2018.
For more information on these loans, visit the Tasmanian Department of State Growth website.
(From joint Australian and Tasmanian Government media release - 4 August 2017)