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Business Improvement Concessional Loans

Business Improvement Concessional Loans will be available from 7 July 2017 to assist eligible Queensland farm businesses which have exhausted their maximum 1,095 days of Farm Household Allowance.

Loans for up to 50 per cent of a farm business’ Final Debt Position to a maximum of $1 million are available.

Business Improvement Concessional Loans can be used to restructure Eligible Debt, including existing Commonwealth concessional loans.

Key features of the scheme

  • Loan amounts can be up to 50% of a farm business’ final debt position to a maximum of $1 million.
  • The variable concessional interest rate is currently set at 3.09% (from 1 August 2017).
  • Maximum loan terms of up to ten years apply, with interest only repayments initially available for up to five years.
  • Principal and interest repayments apply for the remaining five years of the loan, calculated on the basis of a 10-year loan term

The availability of loans is subject to funds being available. The scheme will close to applications on 30 June 2018, unless funds are exhausted earlier.

The Australian Government has allocated to Queensland $50 million for the provision of both the Business Improvement Concessional Loans and Drought Assistance Concessional Loans to help eligible farm businesses.


To be eligible for a Business Improvement Concessional Loan, you and your farm business must meet the Business Improvement Concessional Loans eligibility criteria. Detailed eligibility criteria are available in the scheme Guidelines.

How to apply

When applying for a Business Improvement Concessional Loan, you will need to complete the Application Form and submit to the Queensland Rural and Industry Development Authority (QRIDA) along with the required documentation. Please note that loans are subject to the availability of funding and applications will not enter the assessment queue until all information and supporting documents have been provided, regardless of any finance dates in place. QRIDA requires at least 10 business days to convey a decision following receipt of all required documents. A checklist containing all required documentation is provided in the application form.

Terms and conditions

The Business Improvement Concessional Loans are subject to terms and conditions that identify the required eligibility criteria for each loan as outlined in the scheme guidelines. For further information regarding the eligibility criteria for Business Improvement Concessional Loans, please contact us on Freecall 1800 623 946 or view the full terms and conditions in the Business Improvement Concessional Loan guidelines.

For more information please also refer to the ‘Frequently Asked Questions’ .

Last updated
17 May 2018