Bridging Generations Initiative (BGI): Flexible Financing
No fixed amount
Loan
Description:
MASC’s Bridging Generations Initiative offers Flexible Financing to young farmers to assist them through the critical purchase and start-up period of farm operations.
Comments on Funding:
Funding takes the form of loans and eligible young farmers can opt for either:
a. 90% financing, significantly reducing the down payment required, or
b. 5 years of interest-only payments, which eases the young farmer’s cash flow while an enterprise is being established.
Continuous Intake
Eligibility:
Applicants must:
1. be young farmers aged 18 to 39;
2. be Manitoba residents;
3. personally operate the farm to which the loan applies.
Application Steps:
Applicants must talk to a MASC Loan Specialist or visit its Contact page.
Find a Service Centre:
https://www.masc.mb.ca/masc.nsf/contact.html
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
