This product provides a guarantee on a line of credit granted by a financial institution for the cash management of the business.
We offer:
- A guarantee covering up to 50% of the line of credit granted by a financial institution, up to a maximum of $1,000,000 guaranteed by La Financière agricole;
- valid for a maximum term of five years, with the option to renew;
- Interest rates that never go above the prime rate plus 2 %.
This line of credit is used in particular to cover:
- Farm-related operating costs;
- Payment of capital or interests on a farm loan;
- Costs related to additional agricultural training with a view to obtaining Level 1, 2 or 3 training for farmers at the establishment stage, as provided for under the Financial Support for Aspiring Farmers program.
