Skip links and keyboard navigation

First Start Loan - Primary producer

First Start Loans provide finance up to $2,000,000 to assist you into primary production.

First Start Loans can help you…

Acquire your first farm business
First Start Loans can help your first steps towards achieving this goal by assisting you purchase a property or supporting your leasing or share farming arrangements.

Become a partner in the family farm
First Start Loans can assist you to purchase property from your parents or other family members, or enter a family partnership.

Achieve viability
First Start Loans can help you build your existing operation to stand-alone viability, for instance by:

  • improving infrastructure such as fences, water storages, grain and feed storage and irrigation
  • upgrading plant and equipment
  • purchasing livestock in specific circumstances
  • improving energy efficiency by uptake of current and renewable technologies
  • diversification into other on-farm enterprises.

Joint lending with a bank
QRIDA looks to work with your bank or other commercial lenders to achieve the best funding outcome for your business.

Please contact us discuss your goals and find out how our loans can help you.

Loan amount
  • Up to $2 million
Loan term
  • Up to 20 years
Interest rate
  • Low interest rates fixed for 1, 3 or 5 years
Fees and charges
  • Nil

If you meet the following requirements, you may be eligible for a First Start Loan:

  • resided in Queensland for six months
  • sound prospects for long-term commercial viability in the long-term development of the primary production enterprise
  • capacity to service the loan (QRIDA is required to determine that your enterprise and other forms of income are sufficient to service your debt; cover all enterprise operating costs; and support family living expenses)
  • demonstrate financial need
  • demonstrate adequate experience or other qualifications to give a reasonable prospect of success
  • ideally you should have equity of 50 per cent in relation to the purchase, or 50 per cent of set up costs for leasing and share farming. However, lower levels of equity are considered by QRIDA in certain circumstances including joint lending (including vendor finance), stable off-farm income/s or family support. Please give us a call to discuss your individual situation.
  • security must be provided commensurate with the amount of the loan

Terms and conditions

Our programs are subject to terms and conditions that identify the required eligibility criteria for each loan as outlined in the program guidelines. For further information regarding the eligibility criteria for First Start Loans, please contact us on Freecall 1800 623 946 or view the full terms and conditions in the First Start Loan guidelines.

How to apply...

When applying for a First Start Loan, you will need to complete an application form and submit this form to QRIDA along with the documents stated on the application form, including your management plan.  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.

Further information

Should you have any queries with regards to completing your application, please contact us on Freecall 1800 623 946 or contact your nearest Regional Area Manager in one of our regional offices.

Got a spare 2 minutes to help us improve our website?
I'll do itNo thanks
Last updated
14 February 2020