RIC targeting loan information for QLD farmers in need

The Regional Investment Corporation (RIC) launched on 1 July 2018 offering government-funded low interest loans to farmers in need.

It replaces the federal concessional loans scheme delivered by the Queensland Rural and Industry Development Authority (QRIDA).

The newly formed RIC will be holding information sessions in Charters Towers, Longreach, Emerald and Rockhampton in December.

Interim CEO Matt Ryan says the organisations low interest loans can be used to refinance existing debt to free up cashflow or pay for operating expenses or capital.

“The information sessions are for local accountants, financial advisors, banks and other service providers who farmers go to for financial advice.”

“Our priority is bringing them up to speed on our loans so when farmers go to them for advice, they’ll know our products and how they can help. Interested farmers are also welcome to attend.”

All info sessions start at 9:30am and finish at 11:00am and include morning tea. Bookings can be made at www.ric.gov.au/events

Charters Towers
Monday 10 December
Beef and Gold Room, Charters Towers Regional Council

Wednesday 12 December
Australian Stockman’s Hall of Fame, Longreach

Thursday 13 December
Emerald Explorers Inn

Friday 14 December
Quest Rockhampton