grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
  • grant_single|grantStatusClosed
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Agriculture, forestry, fishing and hunting
grant_single|grantors
  • Farm Credit Canada (FCC)
  • Government of Canada
grant_single|status
grant_card_status|open

grant_single_labels|preview

Finance or lease new or used farm equipment purchases through hundreds of dealerships or via a private sale across Canada.

grant_single_labels|projects

Activities eligible for this grant involve financing the purchase of new or used farm equipment through a participating dealer with agriculture experts.
  • Buying new farm equipment
  • Buying used farm equipment
  • Financing farm machinery
  • Working with agriculture specialists at dealerships
grant_single|admissibleProjectsExample

$32,000

Acquiring a new versatile tillage tool for soil preparation in our vegetable farm

$40,000

Financing a used John Deere 5083E tractor for small-scale organic farming

$72,000

Leasing a new Case IH Puma tractor to support our dairy farm operations

$250,000

Purchasing a new John Deere 8R tractor to enhance crop production efficiency

$20,000

Buying a used Kubota RTV-X900 utility vehicle for better farm transport solutions

$120,000

Financing the purchase of a used Massey Ferguson combine harvester for better grain harvesting

grant_single_labels|admissibility

Eligibility for the Dealer Financing Program is based on certain conditions related to the equipment purchase and financing process.
  • The equipment must be purchased through a participating dealer.
  • The applicant must qualify for approved credit.
  • The financing applies to both new and used farm equipment.

grant_eligibility_criteria|who_can_apply

This grant is specifically designed for agricultural businesses that are looking to finance new or used farm equipment through a participating dealership. Eligible companies include those that operate within the agriculture industry and require financing to purchase farm equipment.
  • Agricultural businesses
  • Farm operators
  • Companies involved in farming activities

grant_eligibility_criteria|eligible_expenses

This financing program supports the acquisition of new or used farm equipment through participating dealerships, providing options for flexible financing terms designed for agricultural operations.
  • Purchasing new or used farm equipment through a participating dealer with financing options.

grant_eligibility_criteria|zone

The eligible geographic zones for this grant include various regions. Here are the specific areas where companies can apply:
  • Dealer locations
  • Rural areas
  • Agricultural zones
  • Private sales locations

grant_single_labels|register

Here are the steps to submit an application for dealer financing through the Dealer Financing Program:
  • Step 1: Contact a Participating Dealer
    • Find and contact a local participating dealership with the required farm equipment.
    • Discuss the financing options available and relevant conditions with the dealer.
  • Step 2: Application at Dealership
    • Work with the dealership’s agriculture experts to complete the financing application.
    • Provide the necessary documents as requested by the dealership for the application.
  • Step 3: Approval Process
    • Wait for the approval of credit and financing terms from the dealership.
    • Review the terms and conditions of the finance agreement once approved.
  • Step 4: Finalize Financing
    • Sign the financing agreement at the dealership.
    • Complete the purchase of the equipment under the finalized terms.
  • Step 5: Receive Confirmation
    • Receive confirmation of financing and equipment purchase from the dealership.
    • Ensure all documentation is retained for your records.

grant_single_labels|otherInfo

Below are some key points worth considering regarding the FCC Equipment Financing program:
  • Equipment financing is available for both new and used equipment purchases.
  • Zero down payment is required for loans less than $100,000.
  • There are no prepayment penalties for paying off the loan early.
  • The program offers flexible financing terms up to 10 years.
  • Loan insurance is recommended as part of the financing package to protect personal assets.
  • Financing is contingent upon approved credit assessments.
  • It's possible to apply directly at participating dealerships, facilitating a swift financing process.
  • The program ensures a fast turnaround time with minimal paperwork.

grant_single_labels|documents

Farm Equipment Financing

Apply to this program

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