Date Time
RIC team talking AgriStarter Loan at Beef 2021, 2
The Regional Investment Corporation (RIC) is pleased to join the line-up at Beef 2021 in Rockhampton this week to provide information and answer questions on its loans, including the new AgriStarter Loan for new farmers and succession planning.
CEO Bruce King said he is looking forward meeting with the beef industry and talking about how RIC loans might benefit their farm business by improving their resilience, profitability or providing a long-term option for succession planning.
“We know succession planning is an essential part of many inter-generational beef operations and it’s important to get it right, which is where our AgriStarter Loan might be able to assist,” he said.
Date Time
AgriStarter Loan applications now open
The Regional Investment Corporation (RIC) AgriStarter Loan launches today and loan applications are now open. The AgriStarter Loan has two uses, supporting new farmers to purchase, establish or develop their first farm business, or assist existing farm businesses with succession planning arrangements.
RIC CEO Bruce King said that the AgriStarter Loan provides affordable terms to support eligible new and intergenerational Australian farmers to purchase a new farm business, establish or develop their farm business or enter an existing farm partnership.
“The RIC is pleased to launch the AgriStarter Loan to support new farmers. The interest only repayments, at a low variable rate for the first five years will certainly appeal to new farm business owners to allow them to focus on establishing their operation and their cash flow.