Maurice
Posted: January 20, 2022

Amount:

No Fixed Amount

Type of Program:

Loan


Description:

FCC offers financing to producers to build or expand their operations by buying new land or constructing new buildings.

Comments on Funding:

Loans terms and conditions: 

  • pre-approved lines of credit;
  • interest-only payments option;
  • deferred payment option;
  • extended disbursements;
  • different interest terms, maturity dates, amortization periods and repayment schedules to choose from;
  • prepay options available based on the interest term selected;
  • schedule payments around growing cycles, off-farm income and during construction.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must be a producer.

Applications Steps:

Applicants must contact a FCC representative for details (call at 1-888-332-3301 or email an FCC representative).

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.

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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