Development Loans provide you with financial support to enable you to take the next step in achieving a productive and more sustainable enterprise. No matter how diverse your project, Development Loans may be able to assist you.

Secure your future...

We understand that continually improving your enterprise not only makes good business sense, but also provides security for your future. The flexibility of Development Loans provides you with the financial ability to:

• Upgrade or expand your current operation
• Implement value adding or supply chain initiatives
• Improve irrigation - installation and distribution
• Enhance water supplies for domestic stock and irrigation purposes
• Diversify
• Upgrading farm plant and machinery
• Purchase, lease or sharefarm additional property to aid expansion
• Rationalise partnerships
• Purchase fishing licences, quota/effort units
• Support risk management strategies to prepare for climate risk

Loan Amount

Loan amounts are available up to $500,000, with livestock, farm plant and machinery upgrades limited to a maximum of $100,000.

Interest Rates

To enable your interest payments to be consistent, QRAA can offer low interest rates over fixed terms of one, three or five years. Please view our current interest rates.

Interest only options up to a maximum of two years may be available, depending upon your circumstances. Please discuss this option with us.

Repayment Terms

A maximum repayment term of up to 20 years applies, with a maximum repayment term of seven years for livestock, farm plant and machinery.

Fees and Charges

As with all QRAA programs, no establishment, account keeping or early payout fees apply.

Terms and Conditions

Our programs are subject to terms and conditions that identify the required eligibility criteria for each loan. If you are interested in applying for a Development Loan, some of the key criteria you will need to meet include:

• An ability to service the loan and demonstrate sound prospects for commercial viability in the long term.
• Evidence of a financial need and that off farm and/or liquid assets are not deemed to be in excess of those needed for prudent risk management.
• Demonstration that the proposal is not merely a finance re-arrangement, where funds are sought to rationalise an existing partnership.
• Being able to use farm plant and machinery predominantly on farm and not for off-farm contracting work.
• Having occupied your property on a full-time working basis for a minimum of two years either as owner operator, leaseholder/sharefarmer, or as part of a small family company or partnership.
• Normally deriving your major source of income from the enterprise and/or related value-adding activities related to the enterprise.

For further information regarding the eligibility criteria for Development Loans, please contact us on Freecall 1800 623 946 or view the full terms and conditions for Development Loans in the program guidelines.

Completing your Application

When applying for a Development Loan, you will need to complete the following documents:

• QRAA Subsidy and Loan - Application Form (167KB)
• OnePlan Business Plan (320KB). For assistance in completing your business plan, consult the Business Plan Outline (57KB).

Should you have any queries with regards to completing the application form, please contact us on Freecall 1800 623 946.

Further Information

The Development Loan Fact Sheet (105KB) details concise information of the features and benefits of this program.

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