Amount:

$1,500,000

Type of Program:

Loan


Description:

FCC provides financing to young entrepreneurs under 40 to purchase shares in, buy, or improve an agricultural or food-related business, and take their dream business to the next level. 

Comments on Funding:

Funding is up to $1,500,000.
The applicant will pay interest and other fees, if applicable. There are no loan processing fees.
 


When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicant must be:

  • entrepreneurs under 40,
  • involved in agribusiness and agri-food.

Applications Steps:

1

Applicants must contact the FCC local Corporate and Commercial team for details.

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,
  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.

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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