No Fixed Amount

Type of Program:



Avrio Sub Debt Fund III provides subordinated debt for food & agriculture companies to support growth, acquisitions, management buyouts, cross-border ventures and more.

Comments on Funding:

  • Funding will take the form of subordinated debt (subdebt).
  • Subdebt is a highly customizable financing solution based on the strength of the financed business and can be structured to fit different types of security, repayment terms, and debt servicing capacity. 
  • Security is generally subordinated to that of a senior lender.
  • Terms may include amortization of up to 8 years and interest payments that match the timing of your company’s cash flow.

When It Ends:



Not specified


Applicants must be dynamic food & agriculture companies.

  • Avrio’s portfolio companies operate successfully in areas like crop inputs, food production, nutrition, commercial farming, and value-added processing.

Applications Steps:


Applicants must contact Avrio Subdebt by completing the contact form they are directed to when pressing the "Let’s talk" tab on their homepage.

Other Things to Note:

The AVRIO Subdept webpage redirects you to the Forage Capital Partners website when pressing the "Team" and "Contact" tabs. Furthermore, the Forage Capital Partners has now a "Subdebt" tab with the same information as the Avrio Subdebt webpage.
I found a mention in The Saskatchewan Gazette that "Avrio Subordinated Debt General Partner III Ltd. changed name to Forage Subordinated Debt General Partner III Ltd. on Sept. 15, 2021".(The Saskatchewan Gazette, pag. 21, check here).

The Saskatchewan Gazette is published weekly in three parts:
- Part I contains official government notices, orders in council, and those private notices required to be published by statute.
- Parts II and III contain the official versions of regulations as enacted.

About the author 


Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.


You may also like

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D
Success message!
Warning message!
Error message!