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.
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 rate valid from February 2023 to July 2023.
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 area.
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 are here to help
There are two ways to apply for a AgBiz Drought Loan.
We encourage you to apply online.
You may need to contact your trusted financial advisor to help you complete your application.
Follow the AgBiz Drought Loan Document Checklist to ensure you submit a complete application.
The online form has mandatory fields and documents. You must supply this information to progress to the next stage of the form.
You must submit all required information so we can start assessing your application and provide an outcome as quickly as possible.
Once you begin you will have 30 days to submit your online loan application. You will receive a reminder at 10, 20 and 30 days.
Follow the AgBiz Drought Loan Document Checklist on page 1 of the PDF application form.
We can’t start assessing your application until we get all the information we ask for, including attachments.
Submit your application to applications@ric.gov.au or send to:
Regional Investment Corporation, PO Box 653, Orange, NSW, 2800.
AgBiz Drought Loan Application Form
Complete this form on your computer or print and fill it in by hand.
Right click on the link above and select 'save target as' or 'save link as' to download the form.
Open the form using Acrobat Reader. Download a free version of Adobe Acrobat Reader DC software.
Save the application form regularly as you are filling it in.
The form will not work when opened in a web browser or other software, e.g. Microsoft Edge, Chrome, Safari, Preview.
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.
Complete this form on your computer or print and fill it in by hand.
Right click on the link and select 'save target as' or 'save link as' to download the form.
Open the form using Acrobat Reader. Download a free version of Adobe Acrobat Reader DC software.
Save the application form regularly as you are filling it in.
The form will not work when opened in a web browser or other software, e.g. Microsoft Edge, Chrome, Safari, Preview.
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.
Note: This template may not meet government accessibility requirements. Contact us for help.
You may need to make a statutory declaration to support your application.
You may be required to provide a guarantor's asset and liability statement with your application.
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.
Complete this form on your computer or print and fill it in by hand.
Right click on the link and select 'save target as' or 'save link as' to download the form.
Open the form using Acrobat Reader. Download a free version of Adobe Acrobat Reader DC software.
Save the application form regularly as you are filling it in.
The form will not work when opened in a web browser or other software, e.g. Microsoft Edge, Chrome, Safari, Preview.
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.
Note: This template may not meet government accessibility requirements. Contact us for help.
You may need to make a statutory declaration to support your application.
You may be required to provide a guarantor's asset and liability statement with your application.
If you have questions about your loan:
Call us on 1800 875 675
Email us through our online contact form
RIC loans are building a stronger regional Australia for farmers and farm-related small businesses.
