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Program details:
Use CALA to establish, improve, or develop your farm
Agricultural co-ops can use it to help process, distribute, or market their products
Established producers can get as much as 80% financing for up to $500,000 in property and $350,000 in other eligible assets
New producers can get up to 90% financing
With the Agriculture and Agri-Food Minister’s approval, agricultural co-ops can access up to $3 million
Loan terms can be as long as 10 years, and up to 15 years for land purchases
The maximum interest rate for a variable loan is prime plus 1% and the maximum fixed rate is the residential mortgage rate plus 1%
Don’t see a loan that fits your agri-business? Don’t worry!
One of our other loans may be a better fit for you.
Thinking about applying for a business loan?
Our business advisors are happy to help you find the one that best fits your needs.