Quota Loan
no fixed amount
Nova Scotia
Description:
The Farm Loan Board’s affordable quota loans are designed to match your operation’s cash flow so you can move forward with stable financing in place.
Continuous Intake
Eligibility:
Applicants must be:
1. existing producers, including:
a) Egg producers
b) Dairy producers
c) Broiler producers
d) Turkey producers
2. be farmers,
3. be agri-businesses,
4. be based in Nova Scotia.
Application Steps:
Applicants must complete the application form on their own, or call for a loan officer to assist or review it with them.
Documentation Needed:
Applicants must submit:
1. Loan Application Form
2. Joint Financing – FarmWorks Application Form
3. Income Statement Projection
4. Detailed Net Worth Form
5. Creditor Life Insurance Form
6. Certificate of Life Insurance
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Maurice