open70 visningarTasmania

AgriGrowth Loan Scheme

The AgriGrowth Loan Scheme is an initiative of the Tasmanian Government providing low interest loans to Tasmanian farm businesses and agri-food businesses. It supports projects that advance the government's Agrivision 2050 plan which aims to increase the value of the agriculture and agri-food sectors in Tasmania. The loan scheme will provide loans ranging from $100,000 to $3 million to fund projects that otherwise could not be brought forward and/or financed under normal banking arrangements.

Vem kan ansöka

Tasmanian Farm Businesses or Agri-food Businesses. Farm Business: involved in agriculture, horticulture, pastoral, apiculture, aquaculture, or agri-tourism. Agri-food Business: transforms, packages or value-adds primary products for human consumption; employs ≤35 FTEs; annual turnover ≤$5 million. Applicants must operate as sole trader, trust, partnership or private company; demonstrate loan need; provide a 3-year business plan; show financial viability; be registered for tax in Australia with ABN and GST.

Förmåner & fördelar

Young Farmer Support Package: waiver of loan establishment fees, capping of documentation fees to $500, enhanced concessional interest rates first two years, unsecured or partially secured loans up to $250,000, other non-freehold assets considered

Källor

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Finansiering

AUD 100k – AUD 3.0m

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Behörighetskriterier

Must be a Tasmanian Farm Business or an Agri-food Business.
Farm Business: involved in agriculture, horticulture, pastoral, apiculture, or aquaculture industries, and may include agri-tourism.
Agri-food Business: transforms, packages or value-adds primary products for human consumption; employs ≤35 FTEs; annual turnover ≤$5 million.
Operate as a sole trader, trust, partnership or private company.
Demonstrate a clear need for the loan to the satisfaction of the Department of State Growth, and projects must advance the Government's agri-growth agenda/policy.
Include a minimum three year business plan to the satisfaction of the department.
Demonstrate ongoing financial viability with the loan application and business plan showing the venture will be profitable within the agreed loan period.
Business must be registered for tax purposes in Australia with an Australian Business Number (ABN) and be registered for GST.

AgriGrowth Loan Scheme

Förmåner & fördelar

Källor

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