MASC Lending Programs and Loan Guarantees
Last Update: May 17, 2024
MN, Canada
Loans for Manitoba agricultural producers
MASC Lending Programs and Loan Guarantees at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Agriculture, forestry, fishing and hunting
Grant Providers
- Government of Manitoba
- Manitoba Agricultural Services Corporation (MASC)
Status
Open
Overview of the MASC Lending Programs and Loan Guarantees program
Get favourable terms and rates on loans for your business and/or production operation.
Eligible projects & activities
Examples of admissible projects:
$ 60,000
Environmental enhancement project for a farm
$ 55,000
Purchase and installation of solar panels for a dairy farm
$ 100,000
Purchase of land to expand vegetable production
$ 45,000
Purchasing breeding livestock for a livestock farm
$ 85,000
Renovation and expansion of the main barn for an organic farm
$ 40,000
Refinancing existing debts for a maple syrup production company
Eligibility criteria of the MASC Lending Programs and Loan Guarantees program
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
Eligibility criteria of the MASC Lending Programs and Loan Guarantees program
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 to the MASC Lending Programs and Loan Guarantees program
1
Determine the purpose of the loan
2
Gather required documentation and information such as financial statements, business plans, and loan proposals
3
Contact MASC or a participating financial institution to discuss eligibility and loan options
4
Complete and submit the loan application form
5
Await the decision on the loan application
6
If approved, review and sign the loan agreement
7
Comply with any additional requirements or conditions set forth in the loan agreement
Apply to this program
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