First Start Loans QLD
Funding for Queensland primary producers and commercial fishers
Last Updated: 02 October 2020
First Start Loans QLD
First Start Loans provide loans for primary producers and commercial fishers to start or establish a viable commercial enterprise.
Applications may be made at any time.
What do you get?
Low-interest loan of up to $2 million.
Who is this for?
Queensland primary producers and commercial fishers.
Overview
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
- facilitate joint lending with your bank
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
- to achieve enterprise viability
- for leasing or share-fishing
- for joint lending with your bank
What are the eligibility criteria?
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
How do you apply?
You can find out more about eligibility and how to apply at First Start Loans.