Farm Credit Canada (FCC) – Credit Lines: FCC Advancer Loan
Description:
The Farm Credit Canada Advancer Loan is a pre-approved, secured loan that continually re-advances funds as their clients (Canadian agriculture businesses) grow their operations.
Comments on Funding:
The applicant will pay interest and other fees, if applicable. Loan terms and conditions:
Eligibility:
Applicants must:
Applications Steps:
1
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:
When It Ends:
Ongoing
Deadline:
Rolling deadline