No Fixed Amount
Type of Program:
Grants & Loan
This product is designed for development of Nova Scotia farm production where a long-range approach to cash flow generation is required. A deferred loan structure has been developed for: apple orchards, high bush blueberry development, low bush blueberry land clearing development, mink ranch expansions and general cash flow situations that require a principal deferment to help a farm manage its cash situation.
Comments on Funding:
The applicant will pay interest and other fees, if applicable.
The NSFLB will consider applications for established producers with interest only payments for up to 5 years or a complete payment deferral on a major portion of the loan for 3 years.
The "Deferred Product Option" product is typically secured by real estate, quota and applicable guarantees.
When It Ends:
Applicant must be:
Applicants must complete the application form on their own, or call for a loan officer to assist or review it with them.
pitch their business at one of the pitch events hosted by Volta every six months, if selected,
Applicant must submit:
Applications are processed on the basis of a security appraisal, an assessment of the farming program and a review of the completed application form.