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 Credit Canada Products:
1-2-3 Grow Loan
Description |
Term |
Interest Rate |
A producer can make interest only payments to manage your cash flow until a return on investment is realized. |
Interest only up to 5 years. |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
Secured with real or personal property. |
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Accelerator Loan
Description |
Term |
Interest Rate |
For producers looking sell and established producers looking to expand. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Secured with real or personal property.
- Buyer may not need capital for down payment.
- No risk to seller as FCC guarantees loan. |
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Advancer Loan
Description |
Term |
Interest Rate |
A pre-approved, secured loan that continually re-advances funds as an operation grows. Can be used to purchase land, buildings, livestock and other personal property. |
customizable |
Open variable rate. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Principal payments made at producer discretion.
- Secured with real property mortgage.
- Ability available to convert entire loan balance, to a term loan with a fixed repayment schedule. |
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AdvancerPlus Loan
Description |
Term |
Interest Rate |
A pre-approved revolving loan that provides money for working capital. |
customizable |
Open variable rate. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Interest only payments
- Secured by real estate, quota or a General Security Agreement |
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Capacity Builder Loan
Description |
Term |
Interest Rate |
A pre-approved loan that is available for up to 18 months. Producer can take out funds whenever they are needed in time period. |
customizable |
Variable rate. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Secured with real or personal property. |
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Cash Flow Optimizer Loan
Description |
Term |
Interest Rate |
A producer can make interest only payments and pay down principal at most convenient time. Can be used to purchase land, buildings, livestock or other personal property. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Only interest payments are required for life of loan. |
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Personal Property Loan
Description |
Term |
Interest Rate |
Uses the purchase (equipment, livestock, quota) as security for the loan. |
Up to 10 years. |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Variable: prepay any amount at any time, lock in rate at any time.
- Fixed: get best fixed rate and reduce loan risk. |
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Construction Loan
Description |
Term |
Interest Rate |
Provides financing for construction projects that will be complete within 18 months. |
customizable |
Variable rates. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Principal payments required once construction complete.
- Loan can be converted to an FCC fixed rate product at the end of construction. |
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Enviro-Loan
Description |
Term |
Interest Rate |
Pre-approved credit for financing any environment-related project or upgrade such as methane digesters, manure storage handling facilities or develop buffer zones between crops and waterways. |
customizable |
Variable rates. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Principal payments required once construction complete.
- Loan can be converted to an FCC fixed rate product at the end of construction.
- Secured with real or personal property. |
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First Step Loan
Description |
Term |
Interest Rate |
For young farmers with limited credit experience. With a business plan, young producer can purchase first farm asset. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
Up to $75,000 |
- Secured with real or personal property being purchased.
- Down payment as low as 10%. |
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Mortgage Loans
Description |
Term |
Interest Rate |
Can be used to purchase land or construct additional buildings. |
customizable |
Variable (Open/Closed)
Fixed (Open/Closed) |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Up to 10% prepayment privilege depending on rate plan chosen.
- Can register a mortgage amount greater than purchase needs. |
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Flexi-Loan
Description |
Term |
Interest Rate |
Allows producer to deal with market realities and pause principal portion of payments. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Each principal pause can last up to 12 months.
- A minimum of one year principal payments must be made before first pause.
- Secured with real or personal property. |
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Payday Loan
Description |
Term |
Interest Rate |
Can use employment income history and good credit history to get a low down payment and fast approval. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly payments that match off-farm earnings. |
customizable |
- Down payment as low as 10%.
- Secured with real or personal property. |
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Performer Loan
Description |
Term |
Interest Rate |
A loan that rewards performance and goal achievement by lowering interest rates. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Secured with real or personal property.
- Goals based on specific business requirements. |
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Spring Break Loan
Description |
Term |
Interest Rate |
Designed for forestry operations who reduce harvest operations during spring road bans. Used to finance forestry equipment. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Can borrow against value of equipment.
- Payment schedule designed around harvest season, 8 to 10 months a year. |
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Start Now – Pay Later Loan
Description |
Term |
Interest Rate |
Defer loan payments until return on investment realized. Can be used for new business ventures or expansions. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Maximum deferral up to 3 years after disbursement followed by 2 years of interest only payments.
- Secured with real property. |
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Transition Loans
Description |
Term |
Interest Rate |
Helps buyer and seller of farm or agribusiness in transitioning from one owner to the next. |
customizable |
Variable and fixed rates available. |
Payment Frequency |
Available Loan Amount |
Notes |
Monthly, quarterly, semi-annual, annual. |
customizable |
- Secured with real or personal property.
- Buyer requires 10% down for purchase.
- FCC guarantees 100% of funds to seller. |
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