Environmental Enhancement Loans

By mmuise
Description:

The Environmental Enhancement Loans assist producers in modifying their current operations or management practices, to become more environmentally sustainable while maintaining a viable enterprise. Environmental Enhancement Loans finance the cost of projects for which a federal, provincial, or federal/provincial program provides an environmental grant, or where the producer takes such action on their own accord.


Comments on Funding:

Funding takes the form of loans of up to $150,000.
The program offers up to 100% project financing upfront to cover the producer share of costs, and advances any money to be issued by the federal and/or provincial programs through cost sharing agreements.
Loan terms and fees:
1. Terms are available up to 15 years.
2. Interest rate is set at MASC’s prevailing rate.
3. There are no prepayment penalties.

Deadline: Continuous Intake
Eligibility:

Applicants must be:

  • farmers;
  • producers;
  • Manitoba residents who are at least 18 years of age and Canadian citizens (or have lawful permanent residence status).
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

1. Loans are primarily intended for, but not limited to, Beneficial Management Practice (BMP) projects with significant costs associated with the construction, improvement, or relocation of farm operation infrastructure, e.g. manure storage, handling and composting, farm yard run-off control, and relocation of livestock facilities.
2. Intake: Ongoing

About the author
mmuise