Business Improvement Concessional Loans

Applications are now open for the Business Improvement Concessional Loans under the Australian Government’s Farm Business Concessional Loans Scheme.  

The concessional loans are to assist the owner of a commercially viable Farm Business who has exhausted their full 1,095 day FHA entitlement, on or before 30 June 2018, to continue to improve the financial circumstances of the Farm Business.

Rural Finance is the delivery agent for the Scheme in Victoria on behalf of the State government. 

In short the Scheme will offer:

  • Loans for the purpose of restructuring existing eligible farm debt including Farm Finance Concessional Loans, a Drought Concessional Loan and/or a Dairy Recovery Concessional Loan.
  • Concessional loans for a maximum term of ten years.
  •  A variable interest rate commencing at 3.09%.
  •  A maximum loan amount of $1,000,000 (capped at 50% of the Farm Business’s Final Debt Position).

Loan applications will be assessed in order of receipt. Applications will only be accepted if they are fully completed and submitted with all mandatory supporting information required (see Application form).

The Farm Business Concessional Loans scheme will remain open for new applications through the 2017/18 financial year, or until funds are exhausted.

Need more help?

If you have any immediate queries about the Australian Government’s Farm Business Concessional Loans Scheme, please call us on 1800 260 425.

Assistance is also available from the Rural Financial Counselling Service which offers a free and confidential service and may be able to assist you. For more details please contact the Service directly on:

Eastern Region: 03 5662 2566
North Eastern Region: 1300 834 775
North Western Region: 1300 769 489
Western Region: 1300 735 578

July 2017