Land & Buildings – Farm Credit Canada (2022)

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.

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.

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