LoanManitobaEnergy EfficiencyEquipment Purchase or Upgrades

Alternate Energy Loans

MASC supports rural Manitobans in seizing new market opportunities by offering the Alternate Energy Loan program, which assists in the creation of projects such as smaller ethanol, biodiesel, biomass and wind operations.

Offered by Manitoba Agricultural Services Corporation

Amount

Up to $4,750,000

Loans up to a maximum of $4,750,000 for all borrowers, with terms up to 25 years at MASC's prevailing interest rate

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

  1. Applicants must be Manitoba residents who are at least 18 years of age and Canadian citizens or have lawful permanent residence status.
  2. Applicants do not have to be directly involved in farming.
  3. Loans are available for any qualified project located in rural Manitoba.
  4. The operation must be considered potentially viable and meet security requirements.

About the funding

  1. Loans are available up to a maximum of $4,750,000 for all borrowers.
  2. Loan terms are available for up to 25 years.
  3. Interest rate is set at MASC’s prevailing rate.
  4. There are no pre-payment penalties.

Loans can be used for construction, equipment purchases, and other approved capital costs associated with alternate energy projects such as ethanol, biomass, biodiesel, or wind energy.

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