No Fixed Amount
Type of Program:
The Farmland Financing provides term loans to new and expanding farms or to those involved in farmland succession within PEI. Finance PEI will provide two financing streams of which a farmer is eligible to apply under only one.
Comments on Funding:
There is a loan application fee in the amount equal to ½% of the amount of the proposed loan.
When It Ends:
The applicant must:
complete the loan application, a Business Plan prepared by a qualified Chartered Accountant and including 3 years of cash flow projections and 3 years of historical financial statements (if applicable), appraisal by an Accredited Appraiser,
submit the completed application to an Account Manager with Finance PEI. The Account Manager will conduct an interview with the applicant(s) to discuss the business proposal and the next steps required to determine eligibility.
Applicants must submit the following: