Land & Buildings

Amount:

no fixed amount

Type:

Loan

Description:

FCC offers financing to producers to build or expand their operations by buying new land or constructing new buildings.

Comments on Funding:

Loans terms and conditions:
– pre-approved lines of credit;
– interest-only payments option;
– deferred payment option;
– extended disbursements;
– different interest terms, maturity dates, amortization periods and repayment schedules to choose from;
– prepay options available based on the interest term selected;
– schedule payments around growing cycles, off-farm income and during construction.O224

Deadline:

Continuous Intake

Eligibility:

The applicant must be a producer.

Application Steps:

Applicants must contact a FCC representative for details (call at 1-888-332-3301 or email an FCC representative).

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 documentation might be required to prove the Indigenous status.

Other Things to Note:

FCC Credit Lines: Advancer Loan can also be used for land & Buildings. It is not a separate product/service.

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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