Agriculture Direct Loans - Atlantic Canada Business Grants

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Agricultural Development Board can provide financial assistance, in the form of loans, to projects that are deemed strategic to provincial agricultural strategies. These loans are designed to complement other sources of lending such as Farm Credit Canada and financial institutions.

Comments on Funding:

Direct loans are amortized for up to 20 years, at the provincial interest lending rate.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a sole proprietorship, a partnership, an incorporated company or to be incorporated, a cooperative from New Brunswick,
have acceptable agricultural knowledge and business skills, and an acceptable credit history,
how an acceptable amount of equity in the business,
have a business plan that shows reasonable chances of viability and that demonstrate that a demand exists for the product(s),
work on a project deemed strategic to provincial agricultural strategies and which fits with the province’s sector strategies (in terms of impact on agricultural land, jobs, export sales, markets, etc.),
provide acceptable security for the proposed financing.

Documentation Needed:

Applicants must submit:

a completed application form,
a business plan.

Program Contact:

Agriculture Direct Loans

FISHERIES DEVELOPMENT BOARD

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