The Regional Investment Corporation (RIC) is visiting Karratha, Broome and Kununurra in November to help local farmers and agriculture industry members understand more about the affordable loan options offered by the RIC.
The RIC is a federal government-backed specialist finance provider offering low-cost loans to Australian farmers and farm-related small businesses to improve their financial health and make their businesses stronger and more profitable.
RIC Engagement Manager Western Australia Steve McDougall said he was looking forward to visiting the Pilbara and Kimberley regions between Monday 15 to Friday 19 November 2021 and meeting with farmers and industry about what the RIC provides.
“The RIC is about building a stronger regional Australia through affordable loans that can help reduce the financial pressure on farmers and farm-related small businesses to make them stronger and more profitable in the long term,” Mr McDougall said.
“Our loans are available wherever you’re located in Australia and can be used to help invest in your farm business, mitigate drought, support new farmers to establish a farm business and farm succession planning.
“We’re available to speak to any time by phone but we’re looking forward to the opportunity to meet with farmers and industry face-to-face in Karratha, Broome and Kununurra in mid-November to talk more about the RIC and what our loan products can provide.”
Since the RIC was established in July 2018, it has approved more than 95 total loans valued at over $107 million in Western Australia.
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About the Regional Investment Corporation
The Regional Investment Corporation (RIC) is a federal government-backed specialist finance provider for farmers and farm-related small businesses. For the 2021-22 financial year the RIC has approved more than 90 total loans valued at over $104 million. Since its inception on 1 July 2018, the RIC has approved more than 2820 total loans valued at over $3.06 billion as at 30 September 2021.