Industry Development Programs: Livestock Incentive Loan Program
Amount:
$75,000.00
Type of Program:
Loan & Loan Guarantee
Description:
The Livestock Incentive Loan Program provides loans to financial institutions for New Brunswick farmers purchasing and raising livestock. It also provides guarantees to financial institutions for approved livestock purchases.
Comments on Funding:
Funding takes the form of loans of up to $75,000.
The program guarantees up to 90% of loan, at lenders’ prime interest rate + 1%. The term of the guarantee will be up to 18 months for the purchase of feeder livestock and up to 7 years for the purchase of breeding livestock.
When It Ends:
Ongoing
Deadline:
Rolling Deadline
Eligibility:
The applicant must:
Application Steps:
No specific steps have been identified.
Documentation Needed:
Applicants must submit:
Other Things to Note:
No other details available.
Program Contact:
