Byron Beef Jerky are one of seven businesses in regional NSW to have received support from the NSW government in low interest loans to grow their business.
The loans, part of a $5 million pilot program, have also been made to businesses in Dubbo, Wagga Wagga, Wauchope, Bathurst, and the Central Coast and Southern Highlands.
‘We’re so proud to be part of the regional NSW loans pilot program and are grateful to be a recipient of this grant,’ Graham Moule, owner of Byron Beef Jerky told The Echo.
Byron Beef Jerky will convert existing areas into cool rooms and food preparation spaces, upgrade power supply, and improve production and storage leading to higher demand for local beef and job growth.
‘This initiative of the NSW government and Minister Moriarty provides low-interest funding that will enable Byron Beef Jerky to continue to meet the ever-growing demand for our products. We strive to provide the best beef jerky in Australia. To do this, we need to focus on delivering a great product at a competitive price. This can only be done by investing heavily in upgrading our facility and streamlining our production.
We currently supply nationally through several major retail partners. Our aim is to expand our national presence and to be ready for export in 2026. This will bring increased economic activity and employment to our region. It’s really great to see the NSW government working with small business to improve the future of our regional communities.’
Loans of between $100,000 and $1 million have been made available and interest is charged monthly at a fixed rate of 2.5 per cent for the life of the loan. Loan repayments are interest only for the first two years.
The maximum loan term is seven years. Unlike a commercial loan, these loans do not require family homes to be put forward as security.
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