Wild Blueberry Business Enhancement Loans
no fixed amount
Loan
Description:
The Wild Blueberry Business Enhancement program aims to increase wild blueberry production in Nova Scotia through efficiencies and land expansion by providing lending options for equipment, purchase and improvement of existing land, and new site development.
Comments on Funding:
The applicant will pay interest and other fees, if applicable.
Continuous Intake
Eligibility:
Applicant must:
1. be actively farming in Nova Scotia,
2. be registered with the Wild Blueberry Producers Association of Nova Scotia,
3. provide proposed expansion plan or project detail.
Application Steps:
1. Applicants must complete the application form on their own, or call for a loan officer to assist or review it with them.
2. Applications are processed on the basis of a security appraisal, an assessment of the farming program and a review of the completed application form.
Documentation Needed:
Applicants must submit:
1. Full Personal / Business Tax Returns or Financial Statements for last 3 years of the loan applicant as well as shareholders and guarantors;
2. A copy of your Notice of Assessment issued by the Canada Revenue Agency;
3. Copy of two pieces of current government photo ID (birth certificate, driver’s license, etc.);
4. Signed Application for Financing form signed by all applicants and shareholders;
5. If applicable, a copy of any shareholder agreements;
6. Electronic Funds Transfer form and void cheque for pre-authorized debit;
7. Consent Agreement – optional.
If you are applying for the purchase of assets or major renovations (land, buildings, equipment,
quota, upgrades, etc.):
1. Purchase & Sale Agreement signed by all parties (if applicable) and/or
2. Quotes or invoices from supplier.
If you are applying for a new business venture/expansion:
1. Detailed business plan with financial projections (income and
expenses)
If you are applying for the purchase an existing business, or the shares of a business:
1. Company financial statements for the past 3 years
2. Confirmation from Canada Revenue Agency that there are no accounts
owing
Other Things to Note:
No other details available.
About the author
Maurice
