Amount:
No Fixed Amount
Type of Program:
Loan
Description:
The FCC 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:
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Applicants must:
Applications Steps:
Applicants must contact a FCC representative for details.
Documentation Needed:
Applicants must:
- 1generate a net worth statement,
- 2collect past three years of tax returns or accountant-prepared financial statements,
- 3gather recent pay stubs or written employer verification for off-farm income (if applicable),
- 4bring government-issued photo ID (drivers license, passport),
- 5collect shareholder agreements (if any),
- 6assemble copies of existing operating loan agreements (if applicable),
- 7build a business and marketing plan,
- 8prepare 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.
