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RIC targeting loan information to farmers in need in drought affected Roma and Toowoomba

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

The RIC 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 Roma and Toowoomba next week.

“Our low interest loans can be used to refinance existing debt to free up cashflow, or pay for operating expenses or capital,” interim CEO Matt Ryan said.

“We’re getting a lot of interest from farmers in NSW and Queensland, and we want to get out and start building relationships from the ground up.

“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.”

Prior to the sessions starting (during morning tea), members of the media are invited to interview interim CEO Matt Ryan.

Roma RIC info session
9.30am Thursday 13 September
Agforce building, Roma

Toowoomba RIC info session          
9.30 am Friday 14 September
Comfort Inn, Toowoomba

Media Contact: Julia Brown mobile: 0422 655 999