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A First Start Loan can provide you with concessional finance of up to $2 million to assist you in the initial years of establishing your Queensland based primary production business.

Family in field

Key program information

    • $100m FY 2020-21

      Total First Start and Sustainability Loan funding

    • Up to 20

      Year loan terms

    • Up to $2m

      Total loan amount available

    • Interest rate

      Low, fixed rates for 1, 3 or 5 years

    • No fees

      No charges or fees on loan

    • 1 July 2021

      New round of funding available

  • Program funding

    Funding available
    $100,000,000
    Funding approved
    $20,000,000
    as at 1 September 2020

First Start Loan for primary producers

Take the right step towards your future career in the agriculture industry.

A First Start Loan offers up to $2 million to aspiring producers ready to purchase their first block of land, carry out the family succession plan or achieve standalone viability.

What can I use the loan for?  

  • acquire a viable primary production business in its own right 
  • build to a viable primary production business by: 
    • acquiring and operating a primary production business on a staged basis where you have defined longer-term plans; or  
    • entering into lease or share farming arrangements; or 
    • upgrading or building-up an existing non-viable business  
  • enter an existing family production business as part of a longer-term plan to operate a viable primary production business in your own right.

Interest rates

View the current interest rates here.

Loan assessment and security

QRIDA will assess applications for the 2020-21 round in the date order they are received complete up to 30 June 2021 or until available scheme funding is fully committed. 

Security must be provided commensurate with the amount of the loan. For most loans a mortgage over land provides adequate loan security. In some instances, loan security may also include other business assets such as water and livestock. 

QRIDA may consider joint lending options with your bank or other commercial lenders. 

When assessing your loan application, we always discuss this with you and your commercial lender. 

Next steps

To check your eligibility for this loan please read the Guidelines here (PDF, 198KB). 

What are the considerations regarding the 50% equity for First Start Loans? 

QRIDA can consider lesser levels of equity in some circumstances including joint lending, vendor finance, if you have stable off-farm income, or if you have family support. 

Lesser levels of equity may also be possible if you are building to a viable position on a staged basis while having some reliance on off-farm income. Speak to QRIDA for more information. 

Get in touch

Have a question, need some help or would like more information? We're here to help you.

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First Start Loan for commercial fishers

A First Start Loan will provide you with concessional finance of up to $2 million to assist you in the initial years of establishing your Queensland based commercial wild-catch business. 

What can I use the loan for?  

  • acquire a viable commercial wild-catch business in its own right 
  • build to a viable commercial wild-catch business by: 
    • acquiring and operating a commercial wild-catch fishing business on a staged basis where you have defined longer-term plans; or  
    • entering into lease or share fishing arrangements; or 
    • upgrading or building-up an existing non-viable business  
  • enter an existing family commercial fishing business as part of a longer-term plan to operate a viable commercial wild-catch fishing business in your own right.

Interest rates

View the current interest rates here.

Loan assessment and security

QRIDA will assess applications for the 2020-21 round in the date order they are received complete up to 30 June 2021 or until available scheme funding is fully committed. 

Security must be provided commensurate with the amount of the loan.

Next steps

To check your eligibility for this loan please read the Guidelines here (PDF, 197KB). 

Get in touch

Have a question, need some help or would like more information? We're here to help you.

News, events & stories