If you are affected by natural disaster and are seeking emergency assistance, visit Disaster Assist or Services Australia for support.
Supporting regional Australians to take control of their farm-related small business through drought.
For farm-related small businesses to manage and recover from drought.
Use this loan to:
Pay for salaries and wages.
Including rent and rates and current liabilities.
Pay for fuel and other supplies essential to the business operation.
Refinance certain existing debt at our low interest rate to improve cash flow.
At least 50% of your total debt must stay with a commercial lender.
Monthly, quarterly, or bi-annually, tailored to the cash flow of the farm business.
First five years interest only, then five years’ principal and interest over a 10-year loan term.
The structure of principal repayments will be dependent upon a number of key factors, including the loan amount, the purpose of the funding and the nature of the security.
The principal of the loan may be repaid (wholly or partly) at any time during the term of the loan without incurring a fee.
Full terms and conditions are available in the loan guidelines.
* Interest rates effective from 1 February 2025. Interest rates reviewed every 6 months.
To be eligible for an AgBiz Drought Loan, your small business must be, or have been, supplying goods or services relating to primary production to farm businesses located in an affected eligible area. Please see the map below.
Please contact us on 1800 875 675 or email info@ric.gov.au to discuss the affected area eligibility of the AgBiz Drought Loan.
We will assess your application against the criteria in the loan.
Read the detail on who can apply for a loan and what happens after you apply.
If applying online, follow the document checklist to ensure you submit a complete application.
We recommend you use the online application form.
Only use the offline form if you prefer to submit your application by email or post.
Complete this form on your computer, or print and fill it in by hand using a black or blue ink pen only.
You must include your business cash flow budget with your application.
We will use this to help assess your financial position, and your ability to repay the loan.
If you do not have your own budget spreadsheet, you can use our template.
We will assess your application against the criteria in the loan.
Read the detail on who can apply for a loan and what happens after you apply.
If applying online, follow the document checklist to ensure you submit a complete application.
We recommend you use the online application form.
Only use the offline form if you prefer to submit your application by email or post.
Complete this form on your computer, or print and fill it in by hand using a black or blue ink pen only.
You must include your business cash flow budget with your application.
We will use this to help assess your financial position, and your ability to repay the loan.
If you do not have your own budget spreadsheet, you can use our template.
Explore our educational toolkit to help you understand if you are eligible for a RIC loan.
Check what you need before starting an application, download helpful resources and apply for a RIC loan.
Get in touch if you have a question about the AgBiz Drought Loan.
