Farm Credit Canada (FCC) – Credit Lines: FCC Credit Line (2022)

Description:

The FCC credit line provides funds to Canadian agriculture businesses to bridge the cash flow gap. It is a revolving, pre-approved loan that provides money for working capital.

Comments on Funding:

The applicant will pay interest and other fees, if applicable.

Loan terms and conditions: 

  • pre-approved, revolving loan;
  • open variable rate;
  • interest-only payments;
  • no down payment required on your purchases.

Eligibility:

  • Applicants must be Canadian agriculture businesses.

Applications Steps:

Applicants must contact a FCC representative for details.

Documentation Needed:

Applicants must:

  • Generate a net worth statement,
  • Collect past three years of tax returns or accountant-prepared financial statements,
  • Gather recent pay stubs or written employer verification for off-farm income (if applicable),
  • Bring government-issued photo ID (drivers license, passport),
  • Collect shareholder agreements (if any),
  • assemble copies of existing operating loan agreements (if applicable),
  • Build a business and marketing plan,
  • Prepare and maintain a cash flow budget.

Other Things to Note:

Previously both the FCC Credit Line and The FCC Advancer Loan were under the same entry.

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