First Start Loan - Primary producer
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.
|Fees and charges|
If you meet the following requirements, you may be eligible for a First Start 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.