The RIC on the ground in drought affected Tamworth and Muswellbrook

The Regional Investment Corporation (RIC) launched on 1 July 2018 offering government-backed low interest loans to farmers in need.

The RIC replaces the federal concessional loans scheme that was delivered by the Rural Assistance Authority up until 30 June 2018.

The newly formed RIC will be holding information sessions in Tamworth and Muswellbrook next week.

“Our low interest loans can be used to refinance existing debt to free up cashflow, or pay for operating expenses or capital,” interim CEO Matt Ryan said.

“We’re getting a lot of interest from farmers in NSW and we want to get out and start building relationships from the ground up.

“The information sessions are for local accountants, financial advisors, banks and other service providers who farmers go to for financial advice. Our priority is bringing them up to speed on our loans so when farmers go to them for advice, they’ll know our products and how they can help.”

Members of the media are invited to interview interim CEO Matt Ryan.

Tamworth RIC info session
9.30am Wednesday 19 September
Ibis Styles 80-90 Ebsworth Street

Muswellbrook RIC info session        
7:30am Thursday 20 September
Balmoral Homestead, 310 Denman Rd,

Media Contact: Julia Brown mobile: 0422 655 999