
MASC Lending Programs and Loan Guarantees
At a glance
- No Condition
- Unspecified
- Agriculture, forestry, fishing and hunting
Overview
Get favourable terms and rates on loans for your business and/or production operation.
Activities funded
Eligibility
Eligibility criteria for this grant:
- Must be a Manitoba agricultural producer
- Applicants must meet specific requirements for each type of loan or guarantee
Who is eligible?
There are eligible types of companies for this grant. Agricultural producers in Manitoba are eligible for direct loans and loan guarantees to support their operations, including purchasing land, equipment, livestock, and more.
- Agricultural producers in Manitoba
Eligible expenses
Eligible expenses for this grant include purchasing land and buildings, equipment, breeding livestock, quota for supply-managed commodities, construction or renovation of farm buildings, consolidation and refinancing of debts, as well as expenses related to Alternate Energy, Comprehensive Refinancing, and Environmental Enhancement.
- Purchasing land and buildings
- Equipment expenses
- Breeding livestock costs
- Quota for supply-managed commodities
- Construction or renovation of farm buildings
- Debt consolidation and refinancing
- Alternate Energy expenses
- Comprehensive Refinancing costs
- Environmental Enhancement expenditures
Selection criteria
There are evaluation and selection criteria for this grant. The evaluation is based on the following criteria:
- Financial viability of the proposed project
- Economic impact on rural Manitoba
- Experience and qualifications of the applicant
- Collateral offered for the loan
- Environmental sustainability of the project
How to apply
Determine the purpose of the loan
Gather required documentation and information such as financial statements, business plans, and loan proposals
Contact MASC or a participating financial institution to discuss eligibility and loan options
Complete and submit the loan application form
Await the decision on the loan application
If approved, review and sign the loan agreement
Comply with any additional requirements or conditions set forth in the loan agreement
Frequently Asked Questions about the MASC Lending Programs and Loan Guarantees Program
What is the MASC Lending Programs and Loan Guarantees?
How much funding can be received?
What expenses are eligible under MASC Lending Programs and Loan Guarantees?
What is the deadline to apply?
Is the MASC Lending Programs and Loan Guarantees a grant, loan, or tax credit?
Who are the financial supporters of the MASC Lending Programs and Loan Guarantees?
Who is eligible for the MASC Lending Programs and Loan Guarantees program?
Who can I contact for more information about the MASC Lending Programs and Loan Guarantees?
Where is the MASC Lending Programs and Loan Guarantees available?
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