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Value Added & Agribusiness Program (VAAP) |
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| Eligibility |
| VAAP loans are available to Canadian citizens or landed immigrants who meet Alberta residency requirements. Companies must be incorporated in Canada and registered to conduct business in Alberta. |
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Loan Uses
You can use the use the Value Added & Agribusiness Program loan to start, expand, purchase, or upgrade facilities, equipment, or other capital assets needed for your business. VAAP also covers working capital expenditures, including training costs that support new or expanded operations or products for value added or agribusiness enterprises and change of ownership.
Maximum Loan Amounts
Contact your local AFSC office for details.
Repayment and Interest Rates
Our repayment options offer you a choice of various reasonable fixed and renewable rates and terms, for a maximum period of 20 years. The interest rate can be fixed over the entire life of the loan, ensuring long-term stability and the ability to manage cash flow risk. VAAP Loans can be prepaid or paid out in full at any time without penalty.
For more information, contact your nearest AFSC Lending Office. To find the office location closest to you, please click on this link. |
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For more information about the content of this document, contact Ag-Info Centre.
Last Reviewed/Revised on September 6, 2011.
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