Wikiprocedure

South Australia - Apply for Farm Investment Loans

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ProcedureEdit

Apply online:

  1. To Apply for Farm Investment Loans, the applicant has to make the application online via link
  2. The applicant has to click the “Start new farm investment loan application”.
  3. The applicant has to enter the ABN and click the “Search” button.
  4. The applicant needs to enter the email address.
  5. Followed by selecting the loan type and option for the type of packaging.
  6. Enter all the necessary details in the application form.
  7. Also, upload all the necessary documents that are mentioned in the “Required Documents” section of this page.
  8. There is no fee for applying for Farm Investment Loans.
  9. Once the process is completed click the “Submit” button.
  10. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
  11. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
  12. Once the process gets completed, the applicant gets a call from the office regarding the application or through email.
  13. The applicant will receive an offer letter that outlines the terms and conditions of the loan.
  14. The applicant has to visit the office to complete the further process to get the loan amount.
  15. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.


Apply In Person

  1. To Apply for Farm Investment Loans, the applicant has to approach the Regional Investment Corporation link
  2. An application form will be provided to the applicant by the concerned officer. or it can be downloaded from the following link
  3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
  4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
  5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
  6. Submit all the documents with the completed form to the concerned officer.
  7. There is no fee for applying for Farm Investment Loans.
  8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
  9. An acknowledgment receipt will be provided. Please save it for future reference.
  10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
  11. Once the process gets completed, the applicant gets a call from the office regarding the application or through email.
  12. The applicant will receive an offer letter that outlines the terms and conditions of the loan.
  13. The applicant has to visit the office to complete the further process to get the loan amount.
  14. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.



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Required DocumentsEdit

  • Application form link
  • Citizenship card
  • ID proof (Birth Certificate, driving license, etc)
  • Address proof – (Driving license, passbook, utility bill, etc)
  • Taxation return
  • Integrated Client Account Statement
  • Monthly cash flow projections
  • Financial statements for at least the past three (3) years
  • If the organization contains more than three (3) entities supply a diagram structure showing the interrelation of each entity.
  • Rates notices
  • Water license
  • Certified copies of Verification of Identity documents
  • Any other documents (if required)



Office Locations & ContactsEdit

Regional Investment Corporation
PO Box 653
Orange NSW 2800
Email - [email protected]
Phone - 1800 875 675
Contact link

EligibilityEdit

The farm business must:

  • Sell (or intend to sell) into supply chains that are interstate and/or outside Australia
  • Be in the agriculture, horticulture, pastoral, apiculture, or aquaculture industry
  • Operate as a sole trader, trust, partnership, or private company
  • Undertake all primary production aspects of the business within Australia
  • Have commercial debt and the support of its commercial lender to the proposed loan
  • Be registered for tax purposes in Australia with an Australian Business Number (ABN) and registered for Goods and Services Tax (GST) not be under external administration or bankruptcy


And at least one member of the farm business must:

  • Be an Australian citizen or permanent resident
  • Be a farmer, who in normal circumstances (i.e. Outside drought, or other events outside your control) contributes 75% of their labor to the farm and earns at least 50% of their income from the farm or, if that does not apply, has the business as their principal business pursuit. If you are a recent entrant to farming and cannot meet the labor threshold, alternative options are outlined in section 4.5 of the guidelines.
  • Have owned and operated the business for at least the past three (3) consecutive years or, if that does not apply, have at least three (3) years of relevant on-farm experience.



FeesEdit

  • There is no fee for applying for Farm Investment Loans.



ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever



Documents to UseEdit

Please attach documents that can be used by people. e.g. links



Sample DocumentsEdit

Please attach sample completed documents that would help other people.



Processing TimeEdit

  • This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.



Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.



InstructionsEdit

  • Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
  • Applicants must provide genuine information while applying for this procedure.



Required InformationEdit

  • Name
  • Address
  • Contact number
  • Zip code
  • City
  • Landmark
  • Email id
  • Mailing address
  • Program details
  • Company details
  • Traders details
  • Loan details
  • Date
  • Signature



Need for the DocumentEdit

  • Farm Investment Loans in Australia are loans provided by the Australian Government to farmers and agricultural businesses to help them invest in and improve their farming operations.
  • The loans are designed to support farmers in making capital investments in their businesses, including purchasing equipment and infrastructure, upgrading farm operations, and diversifying their income streams.



Information which might helpEdit

  • For more information link


Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.



External LinksEdit


OthersEdit

More information which might help people.



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