Preparing for Your Appointment
To understand your unique situation and to recommend the best loan options tailored to your needs, your loan specialist needs various documents, reports, and information including:
- personal identification;
- articles of incorporation or partnership agreement (if applicable);
- shareholder registry and identification; and
- borrowing by-laws (if applicable).
Other Lending Documentation
To get a sense of your loan repayment capacity, as part of the application process you’ll need to provide:
- Income Tax or Financial Statements (3 years);
- Statement of Assets;
- Statement of Liabilities;
- Projected Operating Statement;
- Livestock Projected Operating Statement and
- Report of any off-farm income.
This information is used to determine the right loan to suit your operation’s unique needs. Contact your local loan specialist to begin the process of applying for agricultural financing.
Borrowing with MASC
Thinking about applying for a loan? Get all the details you need before you start. Find out about the loan application process, key documents, and information required to ensure a smooth and efficient experience.
Bonus: by watching the video, you’ll be eligible for the Young Farmer Lending Fee Credit, waiving the loan application fee for eligible young farmers!
Beginning the Process
Contact your local MASC Service Centre to set up an appointment to meet with one of our dedicated specialists, to begin the next steps of the process.
