Loan Products

The following summary of loan products for each institution is a summary of their agriculture specific loan products. This information was found on their company website. For more details on an institution’s loan products, see the accompanying link under each summary table.

In addition to the following financial institutions’ loan products; there are also other programs and debt products specific to cattle producers.

Select bank to view products:

Farm Improvement and Marketing Co-operatives Loans Act (FIMCLA)


Description Term Interest Rate
Farming assets that qualify under this government program include implements, buildings, additional land, breeding livestock, repairs to buildings and equipment, land improvements, and debt consolidation. 15 years for land,
10 years for other purchases.
Variable and fixed rates available.
Payment Frequency Available Loan Amount Notes
Generally made monthly but can be extended to yearly. Max $250,000 Government administration fees.
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Financier agricole du Quebec (FADQ)


Description Term Interest Rate
Acquisition of expansion projects Max of 30 years Variable
Payment Frequency Available Loan Amount Notes
Varies Max $5 Million For business in which farmers hold at least 60% interest
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Term Loan


Description Term Interest Rate
Expansion projects, equipment or refinance existing debt Generally 1 – 5 years
Max 7 years, but must not exceed useful like of the asset
Fixed or variable rates
Payment Frequency Available Loan Amount Notes
Generally monthly, which may include principle and interest separately or both Customizable
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