How do I apply for Drought Loans?

Apply through the official government portal at https://business.gov.au/grants-and-programs/drought-loans. Review eligibility criteria carefully before applying and ensure all supporting documents are prepared.

What type of funding is Drought Loans?

Drought Loans is a concessional loan (low-interest government financing).

Which states or regions can apply for Drought Loans?

Drought Loans is available to eligible businesses in all Australian states and territories.

Open

Drought Loans

Funding

Up to $2,000,000

Region

Commonwealth

Apply Now Official Source

Overview

Drought Loans provide farm businesses with loans of up to $2 million through the Regional Investment Corporation to help prepare for, manage through and recover from drought. Funds can be used for feeding and watering stock, refinancing existing debt, operating expenses, capital investments, and enhancing productivity. Loans are available over 10 years with the first 5 years interest-only, followed by 5 years of principal and interest repayment.

Eligibility Requirements

Applicants must be Australian citizens or permanent residents contributing at least 75% labour and earning at least 50% income from an eligible farm business. The farm must be in financial need, have capacity to repay, be financially viable long-term, have existing commercial debt, be in agriculture/horticulture/pastoral/beekeeping/aquaculture, operate wholly within Australia, be registered for tax with an ABN and GST, and not be under external administration or bankruptcy.

Who Can Apply

Regional

Relevant Industries

Agriculture

How to Apply

Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.

Visit the official application page

Disclaimer: Grant information is sourced from official government websites and updated regularly. Always verify current eligibility and deadlines on the official program page before applying.

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