Young Entrepreneur Loan

By mmuise
Description:

FCC provides financing to young entrepreneurs under 40 to start or expand their business. They can purchase shares in, buy, or improve an agricultural or food-related business, and take their dream business to the next level.


Comments on Funding:

Funding is up to $1,500,000.
The applicant will pay interest and other fees, if applicable. There are no loan processing fees.

Deadline: Continuous Intake
Eligibility:

Applicants must be:

  • entrepreneurs under 40,
  • involved in agribusiness and agri-food.
Application Steps:

Applicants must contact the FCC local Corporate and Commercial team for details.

Documentation Needed:

Applicants must:
1. generate a net worth statement,
2. collect past three years of tax returns or accountant-prepared financial statements,
3. gather recent pay stubs or written employer verification for off-farm income (if applicable),
4. bring government-issued photo ID (drivers license, passport),
5. collect shareholder agreements (if any),
6. assemble copies of existing operating loan agreements (if applicable),
7. build a business and marketing plan,
8. prepare and maintain a cash flow budget.

Other Things to Note:

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About the author
mmuise