🏠 | Nova Scotia | The Farm Debt Consolidator

The Farm Debt Consolidator

Maurice
By Maurice | April 20, 2025

Amount:

no fixed amount

Type:

Nova Scotia

Description:

The Farm Debt Consolidator is used as a cleanup tool for short-term payables, stagnant operating debt, medium term loans, and restructuring of long-term debt with other lenders. Nova Scotia farmers can normally implement it when cash flow demand outstrips supply.

Deadline:

Continuous Intake

Eligibility:

Applications are considered from both existing producers and prospective farmers for a variety of projects including, but not limited to, farm acquisitions (i.e. farms as going concerns), land purchases, construction or improvement of buildings, and rural agri-businesses development.

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

Web Page:

https://www.novascotia.ca/farmloan/consolidator/
Maurice

About the author

Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.