Seller-lender formula
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Grant, Loan, Investment
Description:
When transferring a business, the seller-lender formula from La Financière agricole can prove to be very advantageous, both for the seller-lender and for the buyer.
Comments on Funding:
Benefits of the Collection
Safe Input Tool
The use of the data entry tool ensures you a modernized service delivery regarding the transmission of your financial data in a secure IT environment . In addition, the number of correspondences with the FADQ is reduced and our interventions will be harmonized.
Personalized financial analysis
If you have financing products and you transmit your financial data, you will obtain a personalized financial analysis in your online file. This analysis allows you to draw up an overall picture of the financial situation of your company over a period of five years and to compare it with other companies in the same sector of activity .
Your obligations as an agricultural producer
If you participate in one of the targeted programs, you will receive, a few days after the end of your financial year, a letter requesting the transmission of financial data for the current year of participation, accompanied by the documents General Information and Table of Productive Units .
Meet your obligations
To meet your data collection obligations, you must :
Complete the General Information form yourself ;
Check the Table of productive units and add the missing plant or animal productions exploited in your company;
Submit the completed documents to your accredited preparer or ensure that you meet the transmission requirements.
See Sections 4 and 5 of the Financial Data Reporting Guide for reporting instructions on completing the documents.
As a business owner, you are the best person to respond and ensure data accuracy .
Submit your financial data and other information by the deadline
Financial data must be transmitted to the FADQ in the input tool available from “ Log in ” in the upper right corner. To do this, you can:
Do business with one of the data preparers accredited by the FADQ and located in all regions of Quebec, and give them your duly completed documents.
Submit the requested information yourself while respecting the requirements of the Financial Data Reporting Guide , in particular:
financial statements of the agricultural business prepared by an accountant or accredited preparer;
financial statements prepared on an accrual basis (otherwise, if they have been prepared on a cash basis, information relating to accounts payable and accounts receivable by income and expense product must be provided).
Multiple deadlines for 2025, check the program URL for details.
Eligibility:
To be eligible, you must:
be of legal age and domiciled in Quebec;
hold, after the completion of your project, at least 20% of the interests in the agricultural business;
present profitability prospects;
comply with environmental standards established under the Environment Quality Act and the Agricultural Operations Regulations concerning phosphorus balance and operating rights.
Application Steps:
To make a request
Eligibility
Make sure you meet the eligibility requirements .
Find us
Contact an advisor at your service center to make an appointment.
Your responsibilities during the year
Submit your financial data and other information.
The data transmitted for the collection of financial data are used for the processing of the various AGRI and Financing programs.
For more information on your responsibilities during the year and the deadlines for submitting all of your financial data, see the Financial Data Collection section .
To the seller-lender
If necessary, an amortization table is provided to you. You can also obtain information on mortgage interest rates in effect on the market.
Documentation Needed:
Financial data must be transmitted to the FADQ in the input tool available from “ Log in ” in the upper right corner. To do this, you can:
Do business with one of the data preparers accredited by the FADQ and located in all regions of Quebec, and give them your duly completed documents.
Submit the requested information yourself while respecting the requirements of the Financial Data Reporting Guide , in particular:
financial statements of the agricultural business prepared by an accountant or accredited preparer;
financial statements prepared on an accrual basis (otherwise, if they have been prepared on a cash basis, information relating to accounts payable and accounts receivable by income and expense product must be provided).
Other Things to Note:
Contact us
If you have any difficulty providing us with your financial data, please do not hesitate to contact the Financial Data Collection and Processing team .
About the author
Maurice
