Development Loan Guarantee
$15,000,000.00
Loan Guarantee
Description:
The Development Loan Guarantee is designed to enhance intervention in higher risk files demonstrating potential profitability and to contribute to food self-sufficiency. It addresses startups and expansion projects, businesses in emerging sectors, and businesses with low equity. This program covers all production sectors.
Comments on Funding:
Guaranteed loans of up to $15,000,000.
Continuous Intake
Eligibility:
Applicants must:
1. be over 18 years of age and domiciled in Québec;
2. have your business held by at least 50% of individuals practicing agriculture;
3. show good profit-making potential;
4. abide by the environmental standards set forth in the Environment Quality Act and the Agricultural Operations Regulations, including the requirements involving the phosphorus report and operating rights.
Application Steps:
Applicants must:
1. make certain they meet the eligibility criteria;
2. contact an advisor at their service centre to make an appointment.
Documentation Needed:
Applicants must provide:
1. a completed application form;
2. a business plan;
3. financial statements.
Other Things to Note:
Global Investment Plan
Over the coming years, are you planning to construct or expand a building, buy new equipment, increase your production, consolidate your loans or establish an aspiring farmer at your operation?
Regardless of the nature or scope of your projects, take the opportunity offered you to plan those projects, in a realistic and strategic manner.
Come and share the vision you have for your operation with one of our advisors and draw on our help to develop your Global Investment Plan.
About the author
Maurice
