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Agricultural Loan Guarantees: Operating Credit Guarantees for Agriculture
MASC’s Operating Credit Guarantees for Agriculture assist producers to obtain lines of credit from participating lending institutions.
Offered by Manitoba Agricultural Services Corporation
Amount
No fixed amount
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
Manitoba
Who can apply
- Producers to obtain lines of credit from participating lending institutions
About the funding
Loan guarantees provide participating financial institutions with a guaranteed repayment of funds, giving you access to credit with favourable rates and flexible terms.
MASC’s Operating Credit Guarantees for Agriculture assist producers to obtain lines of credit from participating lending institutions.
Loans backed by an Operating Credit Guarantee can be used for general farm expenditures, living expenses, current year’s principal and interest payments on existing loans, and in cases of emergency, limited capital purchases.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| EDC Direct lending | Loan, Loan Guarantee | Direct loans that typically start at $1 million, structured to match your business needs, priced in line with commercial market rates | Open |
| Advance Payments Program | Loan Guarantee, Loan | Up to $1,000,000 | Open |
| Canada Small Business Financing Program (CSBFP) | Loan, Loan Guarantee | Maximum loan amount of $1.15 million per borrower: up to $1,000,000 for term loans (no more than $500,000 for leasehold improvements and equipment, of which a maximum of $150,000 for intangible assets and working capital costs) and up to $150,000 for lines of credit | Open |
| Canadian Agricultural Loans Act (CALA) Program | Loan Guarantee | Federal government guarantees to the lender repayment of 95% of a net loss on an eligible loan | Open |
