The Australian Government’s farm business lender, RIC (Regional Investment Corporation) is hosting a free webinar on September 18 for farmers, advisers and agriculture industry representatives to learn more about how its low-cost Farm Investment Loan can help support farm businesses to rebuild and recover after severe business disruption.
CEO John Howard, said RIC’s Farm Investment Loan is aimed at supporting farmers who have experienced significant financial downturn, as a result of an unforeseen disruption or cumulative impacts to their business.
It provides up to $2 million over a 10-year term with the first five years interest only followed by principal and interest for the remaining five years.
The current variable interest rate is 5.18 per cent and there are no fees to apply, make extra repayments, or for early loan repayments.
The free webinar is on September 18 from 12pm-1pm. To register, go to www.ric.gov.au/events.
