Farm Credit Canada (FCC) – Young Entrepreneur Loan
Description:
FCC provides financing to young entrepreneurs under 40 to start or expand their business. They can 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.
Eligibility:
Applicant must be:
Applications Steps:
1
Applicants must contact the FCC local Corporate and Commercial team 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.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline