RIC three-year anniversary and $3 billion in affordable loans approved for Australian farmers

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RIC three-year anniversary and $3 billion in affordable loans approved for Australian farmers
The Regional Investment Corporation (RIC) is pleased to celebrate two significant milestones recently with its third year of operation on 1 July 2021 and $3 billion in loans approved for Australian farmers and farm-related small businesses.
In the three years since the RIC was established on 1 July 2018 it has approved loans valued at approximately $3 billion for Australian farmers and farm-related small businesses including over $2.1 billion for the 2020-21 financial year as at 30 June 2021.
RIC Chief Executive Officer Bruce King said the RIC is proud to provide affordable loans to so many farmers and farm-related small businesses in financial need, including through one of the worst recorded droughts in Australia’s history.

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