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First Start Loan - Primary producer

Due to unprecedented demand, the 2016-17 funding allocations totalling $120 million for First Start and Sustainability Loans were fully allocated by 31 March 2017. Whilst further funding is not expected to become available until after 1 July 2017 for the 2017-18 Financial Year, some previously committed funds may become available if an approved applicant does not proceed.

Should you wish to be considered for any funding that may become available before 30 June 2017, QRAA invites you to submit an application in readiness.

Applications received shall be assessed in date order however any approvals to eligible applicants shall be dependent upon sufficient funding becoming available to fulfil assistance requests, also in date order. Please note, it is unlikely that QRAA shall be in a position to assist with any purchase contracts which are subject to finance.

For more information Freecall 1800 623 946 or talk to one of our dedicated team of QRAA Regional Area Managers, based across regional Queensland.

First Start Loans provide you with finance up to $2,000,000 to assist you in the early years of establishing your primary production enterprise. Obtain the finance you need to enter into primary production or to become a full-time primary producer.

Buying your first farm
Considering buying your first farm - a neighbouring property or another primary production enterprise? Purchase property on a staged basis, allowing your off-farm income to service the loan. Achieve your goal of becoming a full-time primary producer sooner.

Become a partner in the family farm
Thinking about succession? Ensure the family business continues for years to come by assisting younger generation family members to purchase property from parents or other family members, or enter the family partnership.

Achieve enterprise viability
If you want to get the most out of your property and deliver better returns on investment, a First Start Loan could help you upgrade or build-up your enterprise to one that is viable and sustainable.

Leasing or sharefarming
The option to lease or sharefarm is available to enable you to participate in primary production while building your capacity to purchase your own enterprise.

Joint lending with your bank
QRAA will consider joint lending options with your bank or other commercial lenders. If you require more than $2,000,000 or partial funding from QRAA for a specific project or activity, please discuss your options with us.

What can I use the loan for?
A range of activities that enable you to expand current operations to achieve viability, or assist you to enter into your first primary production enterprise, are eligible.

Please discuss your farming needs with us to find out how our loans can best suit you.

Loan amount
  • Up to $2,000,000
Loan term
  • Up to 20 years
Interest rate
  • Low interest rates fixed for 1, 3 or 5 years
    (Interest rates are subject to change in January and July each year)
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  (QRAA 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
  • you should have equity of 50 per cent in relation to the purchase, or 50 per cent of set up costs for leasing and sharefarming. The level of equity may be varied by QRAA in certain circumstances e.g. joint lending, stable off-farm income
  • 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 QRAA 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. QRAA 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.

Apply now

Writable application form (2.5MB)

Application form (print) (565KB)

Guidelines (113KB)

To access the First Start Loans - Primary Producers application forms and all supporting documents, download the complete Application Pack.

Last updated
10 May 2017