Young Entrepreneur Loan
grant_single|update January 24, 2025
Canada
Loans for youth-led agricultural or food-related business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDate November 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Accommodation and food services
grant_single|grantors
- Farm Credit Canada (FCC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access up to $1,5 million in loans for your agricultural or food-related business, if you are under 40 years old.
grant_single_labels|terms_and_conditions
This loan provides several flexible financing options specifically designed to support the financial needs of young entrepreneurs in the agricultural and food-related sectors. These modalities ensure access to capital with favourable terms to enhance business development.
- Loans up to $2,000,000 are available for capital investment into business ventures.
- Low-interest rates are offered to minimize the financial burden on borrowers.
- No fees are charged for processing the loan, ensuring that more funds are available for business use.
- Preferential rates are available, providing competitive financing options.
grant_single_labels|projects
This loan is designed for young entrepreneurs looking to start or expand an agricultural or food-related business. Eligible projects involve purchasing or improving assets within these industries.
- Buying agricultural or food-related assets or shares.
- Improving existing agricultural or food-related business facilities.
grant_single|admissibleProjectsExample
$ 150,000
Purchase of advanced irrigation systems for fruit orchard expansion
$ 150,000
Improvement of a community garden and vegetable market
$ 800,000
Expansion of organic dairy farm to include cheese production facility
$ 750,000
Improvement of processing facilities for a seafood company
$ 1,400,000
Acquisition of an organic food store chain
$ 250,000
Purchase of new hydroponic systems for urban farming business
grant_single_labels|admissibility
Eligibility for this loan requires meeting certain criteria related to the applicant's age and business activities.
- The applicant must be under the age of 40.
- The business must be agriculture or food-related.
- The loan must be used to purchase shares in, buy, or improve an agricultural or food-related business.
grant_eligibility_criteria|who_can_apply
The Young Entrepreneur Loan is specifically designed for individuals under the age of 40 looking to start or expand an agricultural or food-related business. This opportunity is ideal for young entrepreneurs who have developed a solid business plan but require financial backing to initiate or enhance their business operations. The loan supports the purchase of shares, acquisition, or improvement of businesses within the agriculture or food sectors.
grant_eligibility_criteria|eligible_expenses
This loan program allows young entrepreneurs to finance the start or expansion of their agricultural or food-related businesses. Eligible activities involve the acquisition or enhancement of business assets in these sectors.
- Purchase of shares in agricultural or food-related businesses.
- Buying agricultural or food-related assets to enhance business operations.
- Improving existing agricultural or food-related business facilities or infrastructure.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant:
- Borrower's age must be under 40
- Submission of a good business plan
- Business must be agriculture or food-related
- Ability to establish or expand the business
- Preference for purchases of agriculture assets
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for the Young Entrepreneur Loan:
- The loan amount can go up to $2,000,000, allowing significant financial input into the business.
- There are no loan processing fees, reducing initial costs for the borrower.
- Borrowers can take up to 18 months to make purchases with the loan, offering flexibility in financial planning.
- The offer includes an AgExpert Bundle subscription for one year, valued at $499, enhancing business management capabilities.
- Low interest rates are provided, facilitating a focus on business growth rather than high finance costs.
- The loan also aids in building credit history with FCC, which may be beneficial for future financial needs.
Apply to this program
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