No Fixed Amount
Type of Program:
The Perennial Crop Establishment Loan Program provides financial assistance, in the form of loans, to persons wishing to establish a perennial crop.
Comments on Funding:
Financing of perennial crops is up to 75% of the enhanced value. The loan can be amortized in up to 10 years at provincial lending rate.
There are no payments during the first 5 years of the loan.
Interest is charged and capitalized annually. Interest on the outstanding balance is paid annually starting in year 6. The loan balance is paid at end of term.
When It Ends:
The applicant must:
Applicants must submit:
Other Things to Note:
Perennial Crop Establishment Loan Program is no longer listed on the government's website.