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Protection Against Rising Interest Rates│La Financière agricole du Québec

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Value

Maximum of $500,000 of protected outstanding amounts.

Description

La Financière agricole offers you two advantageous protections against rising interest rates:

Premium Rate (TP) Relève-Taux (STR)
Applicable on financing up to $500,000 for the term of the loan
  • Available to young farmers on a part-time or full-time basis
  • Applicable on financing up to $500,000
  • For a maximum period of 5 years

These protections are triggered, for a fixed period of time, when the market interest rate exceeds a defined threshold.

Eligible Applicants

To be eligible, you must:

  • be at least 18 years of age;
  • your business is at least 50% owned by people engaged in agriculture;
  • Have profitability prospects
  • comply with the environmental standards established under the Environment Quality Act and the Agricultural Operations Regulation regarding phosphorus balance and harvesting rights.

 

Eligible Expenses

Protection is based on the company’s outstanding amount with a maximum of $500,000 of protected outstanding amounts. Other conditions must also be met depending on the legal status of your agricultural business.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: La Financière agricole du Québec

Phone Number: 1-800-749-3646

Website: https://www.fadq.qc.ca/fr/protection-contre-la-hausse-des-taux-dinteret/description/

Industry:

Agriculture

Location:

Quebec

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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