Farm Credit Canada (FCC) – Young Entrepreneur Loan (2022)

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.  

Eligibility:

Applicant must be:

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

Applications Steps:

Documentation Needed:

Applicants must:

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

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