Maurice
Posted: February 22, 2022

Amount:

$150,000.00

Type of Program:

Loan


Description:

FCC provides financing to agriculture and food industry startups and to agriculture, agribusiness or food and beverage-related business that were established within the past three years.

Comments on Funding:

Funding is up to $150,000.

Loan terms and conditions:

  • special 1- to 10-year fixed rates available;
  • no loan processing fees.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

  • Applicants must be agriculture and food industry startups;
  •  Applicants must be existing agriculture, agribusiness or food and beverage-related business started within the past three years.
  • Eligibility starts at 18 years of age.
  • If you’re 25 years or older:
  • new business or have started your business within the last 3 years;
  • most recent revenue (individual and corporate combined) must be $50,000 or less.

Applications Steps:

1

Applicants must call 1-888-332-3301 to learn more.

Documentation Needed:

Applicants must:

  1. 1
    generate a net worth statement,
  2. 2
    collect past three years of tax returns or accountant-prepared financial statements (if applicable),
  3. 3
    gather recent pay stubs or written employer verification for off-farm income (if applicable),
  4. 4
    bring government-issued photo ID (drivers license, passport),
  5. 5
    collect shareholder agreements (if any),
  6. 6
    assemble copies of existing operating loan agreements (if applicable),
  7. 7
    build a business and marketing plan,
  8. 8
    prepare and maintain a cash flow budget.

Other documentation might be required to prove the Indigenous status.

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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