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:
Short and Medium Term Loans
| Description |
Term |
Interest Rate |
| To assist operation with purchases: breeding stock, machinery and equipment, farmland, storage facilities. |
Life of the asset up to 10 years |
Variable and fixed rates available. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
customizable |
Available prepayment options. |
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Long Term Loans
| Description |
Term |
Interest Rate |
| Eligible for building construction or improvement, farmland and other long term capital asset purchase. |
Life of the asset up to 25 years |
- Variable or Fixed.
- Rate can be fixed up to 10 years. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
customizable |
Available prepayment options. |
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Revolving Operating Loan
| Description |
Term |
Interest Rate |
| For any day-to-day purchases up to a preapproved maximum amount. |
customizable |
Variable and fixed rates available. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
customizable |
|
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Specific Operating Loan
| Description |
Term |
Interest Rate |
| Designated for purchase of a specific inventory. |
1 year |
Variable and fixed rates available. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
customizable |
|
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Cost Cutter Crop Input Loan
| Description |
Term |
Interest Rate |
| To purchases crop inputs and repay loan when income from crops are realized. |
Up to 18 months |
- Variable or Fixed.
- Based on 1 year term with payments stretched to 18 months. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
customizable |
|
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Government Guaranteed Loans
| Description |
Term |
Interest Rate |
| Can be used to finance farm equipment and building installation or improvements, purchase additional farmland, breeding stock, etc. |
Amortization can be extended up to 15 years. |
Variable and fixed rates available. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
customizable |
Financing under the Alberta Farm Development Loan (ADFL) program. |
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Equity Agri-Plan Loan
| Description |
Term |
Interest Rate |
| Flexible line of credit for day-to-day purchases and capital asset purchases. |
customizable |
Variable and fixed rates available. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
Preapproval up to $1 million |
|
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4-H Loan Program
| Description |
Term |
Interest Rate |
| Support for 4-H members by assisting with purchases of marketable livestock. |
customizable |
Rates as low as prime. |
| Payment Frequency |
Available Loan Amount |
Notes |
| Monthly, quarterly, semi-annually or annually. |
Up to $5,000 |
Co-signature of guardian or parent required.
No fees. |
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