First Start Loans QLD

Key facts

About this grant

Summary from the official listing on business.gov.au:

First Start Loans provide loans for primary producers and commercial fishers to start or establish a viable commercial enterprise.

First Start Loan - Primary producer

Provides primary producers with low interest loans of up to $2 million to help in the early years of establishing a primary production enterprise.

Funding may be used to:

• buy your first farm
• become a partner in the family farm
• achieve enterprise viability
• lease or share a farm
• expand or buy your first herd of cattle or other livestock.

First Start Loan - Commercial fisher

Provides commercial fishers with low interest loans of up to $2 million to help in the early years of establishing a commercial wild-catch fishing enterprise.

Funding may be used:

• to buy your wild-catch fishing enterprise
• to become a partner in the family wild-catch fishing business
• acquire and operate a commercial wild-catch fishing business on a staged basis as part of defined longer-term plans
• for leasing or share-fishing
• upgrade or build up an existing non-viable commercial fishing business.

What you get

Low-interest loan of up to $2 million.

Who it is for

Queensland primary producers and commercial fishers.

Eligibility

To be eligible, you must:

• have resided in Queensland for 6 months
• have sound prospects for the long term viability of your enterprise
• have capacity to service the loan
• demonstrate a clear need for the loan
• have equity of 50% in relation to the purchase, or 50% of set up costs for leasing and share farming.

Details are copied from the official source and can change. Check the official listing before you apply. Grant Writing Company is not affiliated with this funder.