Macadamia Processing Company set for growth, expansion after $5 million low interest loan

Alphadale-based Macadamia Processing Company has received a low interest loan of more than $5 million as part of the NSW Government's Cooperative Loan Scheme to help grow regional industries.

Deputy Premier and Minister for Regional NSW John Barilaro, who made the announcement while visiting the company facilities with Member for Lismore Thomas George, said the loan would significantly assist the world-leading facility.

“What a fantastic outcome for the Macadamia Processing Company, and for the NSW Government, to be able to assist this growing business with significant funding,” Mr Barilaro said.

Macadamia Processing Company, which processes up to 13,000 metric tonnes of nuts annually, will use the low interest loan to construct an additional building to contain up to 450 tonnes of nuts, in addition to purchasing necessary processing equipment.

General Manager of Macadamia Processing Company Steven Lee said he was delighted to receive support from the NSW Government.

“This loan means we can purchase extra equipment, build another processing building to handle additional crop, and ultimately grow the business so that we can continue to provide strong returns to our growers,” Mr Lee said.

About the Scheme

The NSW Government Cooperative Loan Scheme is open to cooperatives that have been in operation for at least three years and can prove they will be able to repay the loan.

The funds must be used to improve production facilities, expand a business, purchase assets such as equipment or modernise operations.

Download guidelines on accessing the NSW Government Cooperative Scheme

Applicants can also email the Office of Regional Development or phone 1300 679 673 to discuss their eligibility for the scheme and to request an application form.