Applications are now closed
In accordance with the program guidelines, the Engine and Emerging Industries Loan pilot program is now closed to applications, as all available funds have been allocated.
Please refer to the program guidelines for detail:
Program Guidelines – Engine and Emerging Industries Loan Pilot
Register your interest
If you would like to be informed of any future programs based on the Engine and Emerging Industries Loan pilot program, please join our mailing list by completing the Registration of Interest form:
Complete a Registration of InterestLoan terms
Maximum amount:
Engine and Emerging Industries Loans are between $100,000 and $1 million.
Interest:
The current rate applied to Engine and Emerging Industries Loans is 2.5% and is fixed for the life of the loan.
Interest accrues from the date of first draw down.
Draw down period:
Approved applicants have 18 months to make claims to draw down the loan.
Term:
The maximum loan term is seven years.
Repayments:
Repayments commence once the loan is fully drawn down, or 18 months from the date the loan is established, whichever is first.
Loans repayments are interest only for the first two years, followed by principal and interest repayments for up to five years, depending on the agreed loan term.
Repayments can be made monthly, quarterly, bi-annually or annually over a term of seven years.
Please refer to the program guidelines for further detail:
Engine and Emerging Industries Loan Pilot – Program Guidelines
Claim payment
Approved applicants have 18 months from the date of application approval to submit invoices to claim payment.
Please note that the online form has file size restrictions (approx. 20MB total) – for each attachment please ensure the file size is 2.5MB or less to avoid submission issues.
To lodge a claim, you will need:
- BP reference number
- ABN number
- Case number from original application
- Tax invoices
We recommend you use the Google Chrome browser when submitting a claim. If you are unsure at any stage of the process as to how to complete the online claim form, please refer to the Example Claim Request Form.
Frequently asked questions
Additional information about the Engine and Emerging Industries Loan pilot can be found on our Frequently Asked Questions webpage:
Frequently asked questions - Engine and Emerging Industries Loan
Need help?
If you have any questions about this program you can contact our team by calling 1800 678 593 or emailing rural.assist@raa.nsw.gov.au.
If you have difficulty understanding the guidelines or completing the application form you should seek the assistance of your rural/financial counsellor, business advisor, accountant or a trusted family member/friend. If you need assistance with interpreting or translating, please contact Multicultural NSW on 1300 651 500 or email languageservices@multicultural.nsw.gov.au.