Food & Beverage Financing
Canada
Financing for food and beverage production or processing
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
- Manufacturing
- Wholesale trade
grant_single|grantors
- Farm Credit Canada (FCC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get financial support to grow or expand your food-related business at any stage of its life cycle, with access to specialized networks and expertise.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$50,000
Developing a mobile app for farmers to sell direct to consumers
$60,000
Expanding organic food delivery services
$70,000
Launching a new line of gluten-free bakery products
grant_single_labels|admissibility
The FCC financing is available to various companies within the agriculture and food industry in Canada, with specific criteria relating to the type of business.
- The applicant must be operating within the agriculture and food industry.
- The type of businesses eligible include abattoirs, meat processors, commercial bakeries, food and beverage equipment companies, food processors, manufacturers, grain and oilseed processors, packaging companies, seafood businesses, specialty food companies, wholesalers, distributors, wineries, and distilleries.
- The applicant must be seeking financing for diversification, equipment and inventory, expansion, construction, real property, start-ups, mergers and acquisitions, stretch debt and cash flow requirements, syndicated lending, or venture capital.
- The applicant may benefit from additional support services such as loan insurance and specialized loan products for women and young entrepreneurs.
grant_eligibility_criteria|who_can_apply
Farm Credit Canada (FCC) finances a diverse range of businesses within the agriculture and food industry, including abattoirs, meat processors, commercial bakeries, food and beverage equipment providers, food processors, manufacturers, frozen food businesses, grain and oilseed processors, packaging companies, seafood businesses, specialty food producers, wholesalers, distributors, wineries, and distilleries. This makes FCC financing accessible to a wide variety of enterprises in the Canadian food and beverage sector. The financing options cater to start-ups, growing businesses, and mature enterprises seeking to expand, diversify, or innovate. Additionally, specialized loans are available for Indigenous agriculture, women entrepreneurs, and young entrepreneurs.
grant_eligibility_criteria|eligible_expenses
The grant provides financing solutions aimed to support growth and expansion in the Canadian agriculture and food industry. Eligible activities focus on various aspects of food processing, production, and distribution.
- Financing for abattoirs and meat processors to enhance operations.
- Support for commercial bakeries to scale up production capabilities.
- Investment in food and beverage equipment and advanced technology.
- Expansion and modernization of food processors and manufacturers.
- Development of facilities for frozen foods, blending, and milling.
- Grain and oilseed processing and infrastructure development.
- Enhancements in packaging systems and processes.
- Investments in the seafood industry to boost production.
- Support for speciality foods production and market expansion.
- Facilitating growth in wholesale and distribution networks.
- Expansion of wineries and distilleries for increased production capacity.
grant_single_labels|otherInfo
Here are additional relevant details for applying for financing from FCC:
- FCC positions itself as both a lender and a trusted partner, emphasizing a collaborative approach to financing.
- They offer a diverse range of financing options tailored to various business needs, including mergers & acquisitions, diversification, and venture capital.
- FCC provides specific loan options targeting Indigenous agriculture, women, and young entrepreneurs, highlighting inclusivity and support for diverse groups.
- They provide loan advice and information, underscoring their role in not just financing but also guiding businesses through financial journeys.
- FCC offers additional tools such as financial ratio calculators to help businesses assess their financial health.
- The organization supports knowledge sharing by producing resources like the FCC Food & Beverage Report and newsletters.
- FCC has extensive experience with more than 65 years in the industry, servicing over 102,000 customers, which implies strong industry connections and expertise.
