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Revolving Loan Program

 
 
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Program Information
 
 
 

Agency:

AFSC

For Further Information Contact:

Tel: 1-877-899-2372
Web: http://afsc.ca/Default.aspx?cid=3754&lang=1
 
Eligibility
This loan is available to Canadian citizens or landed immigrants who meet Alberta residency requirements and who are primary agriculture producers
 
 

 
Program Details
 
 
  Purpose

The Revolving Loan Program has been designed to provide a consistent and reasonable source of revolving term loan capital to individuals and companies involved in primary agriculture in Alberta

Eligibility
This loan is available to Canadian citizens or landed immigrants who meet Alberta residency requirements and who are primary agriculture producers. At the time of application (and renewal), the borrower must have a satisfactory credit rating, as determined by AFSC.

Loan Uses
The acquisition of assets or payment of liabilities or expenses necessary for starting, expanding or operating a farm.

Maximum Loan Amount
The maximum loan to an individual or any group of connected individuals or companies is $5 million. If you qualify, you can re-borrow funds that have been previously repaid.

Security
Real Property.

Terms
Available in 12, 24 and 36 month terms only.


Interest Rates & Fees
Competitive interest rates up to a maximum term of 36 months with an option to renew. Standard application and amendment fees will apply.


Disbursement & Repayment
Disbursements are funded to client’s operating account by way of electronic funds transfer. Repayment is based on 1% of outstanding principal + interest payable monthly via automated pre-authorized payment.


For Further Information contact: 1-877-899-2372 or visit www.afsc.ca

 
 
 
 
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For more information about the content of this document, contact Ag-Info Centre.

Last Reviewed/Revised on August 25, 2014.