NS Farm Loan Board: Processing Loan
no fixed amount
Loan
Description:
Your agri-processing business is unique, so is our financing. Whether you’re looking to develop a new idea or expand an existing business, we’ll work with you to develop a loan structure that best suits individual business needs.
Comments on Funding:
Funding takes the form of a loan, offering competitive interest rates, flexible payment options and amortization periods.
Continuous Intake
Eligibility:
Applicants must:
1. be primary producers;
2. be agri-food processors;
3. be agri-product processors;
4. be abattoirs and meat processing;
5. be commercial bakeries;
6. be wineries, breweries, distilleries and cideries;
7. be established in Nova Scotia.
Application Steps:
Applicants must complete the application form on their own, or call for a loan officer to assist or review it with them.
Documentation Needed:
Applicants must submit:
1.Loan Application Form
2. Joint Financing – FarmWorks Application Form
3. Income Statement Projection
4. Detailed Net Worth Form
5. Creditor Life Insurance Form
6. Certificate of Life Insurance
Other Things to Note:
About the author
Maurice
