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A First Start Loan can provide you with concessional finance of up to $2 million to assist you in the initial years of establishing your Queensland based primary production business.

Cameron and Louisa Backus stand in paddock

Key program information

    • $120m FY 2021-22

      Total First Start and Sustainability Loan funding

    • Up to 20

      Year loan terms

    • Up to $2m

      Total loan amount available

    • Interest rate

      Low, fixed rates for 1, 3 or 5 years

    • No fees

      No charges or fees on loan

    • 1 July 2022

      New round of funding available

  • Program funding

    Total funding available
    $120,000,000
    Total funding approved
    $47,988,170
    as at 01 December 2021

First Start Loan for primary producers

Take the right step towards your future career in the agriculture industry.

A First Start Loan offers up to $2 million to aspiring producers ready to purchase their first block of land, carry out the family succession plan or achieve standalone viability.

What can I use the loan for?  

A First Start Loan provides finance to help you:

  • buy your first farm, including from family members
  • become a partner in the family farm
  • enter into leasing or sharefarming arrangements
  • develop existing or purchase additional property to become viable
  • put succession plans in place.

Interest rates

View the current interest rates here.

Loan assessment and security

QRIDA will assess applications for the 2021-22 round in the date order they are received complete up to 30 June 2022 or until available scheme funding is fully committed. 

Security must be provided commensurate with the amount of the loan. For most loans a mortgage over land provides adequate loan security. In some instances, loan security may also include other business assets such as water and livestock. 

QRIDA may consider joint lending options with your bank or other commercial lenders. 

When assessing your loan application, we always discuss this with you and your commercial lender. 

Next steps

Speak to your Regional Area Manager or check your eligibility by reading the guidelines (PDF, 212KB).

What are the considerations regarding the 50% equity for First Start Loans? 

QRIDA can consider lesser levels of equity in some circumstances including joint lending, vendor finance, if you have stable off-farm income, or if you have family support. 

Lesser levels of equity may also be possible if you are building to a viable position on a staged basis while having some reliance on off-farm income. Speak to QRIDA for more information. 

Get in touch

Have a question, need some help or would like more information? We're here to help you.

News, events & stories

First Start Loan for commercial fishers

A First Start Loan will provide you with concessional finance of up to $2 million to assist you in the initial years of establishing your Queensland based commercial wild-catch business. 

What can I use the loan for?  

A First Start Loan provides finance to help you:

  • buy your first commercial wild-catch business, including from family members
  • become a partner in a commercial wild-catch business
  • acquire and operate a commercial wild-catch fishing business on a staged basis as part of defined longer-term plans
  • enter into leasing or share fishing arrangements
  • upgrade or build up an existing non-viable commercial fishing business
  • put succession plans in place.

Interest rates

View the current interest rates here.

Loan assessment and security

QRIDA will assess applications for the 2021-22 round in the date order they are received complete up to 30 June 2022 or until available scheme funding is fully committed.

Security must be provided commensurate with the amount of the loan.

Next steps

Speak to your Regional Area Manager or check your eligibility by reading the guidelines (PDF, 211KB).

What are the considerations regarding the 50% equity for First Start Loans?

QRIDA can consider lesser levels of equity in some circumstances including joint lending, vendor finance, if you have stable income outside of commercial fishing, or if you have family support. 

Lesser levels of equity may also be possible if you are building to a viable position on a staged basis while having some reliance on off-farm income. Speak to QRIDA for more information. 

Get in touch

Have a question, need some help or would like more information? We're here to help you.

News, events & stories

Last updated
02 December 2021