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

ByMaurice

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.

When It Ends:

Ongoing

Deadline:

Rolling deadline

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.

Program Contact:

Lines of Credit | FCC

About the author

Maurice

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.

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