Purposes
Loan Guarantees are available for:
- diversifying operations;
- livestock association financing; and
- obtaining lines of operating credit.
Types of Loan Guarantees
Diversification Loan Guarantees
The Diversification Loan Guarantee program helps producers and agricultural enterprises diversify and/or add value to agricultural commodities.
The program can also be used to finance the purchase of equity shares in New Generation Cooperatives.
Projects considered eligible for a Diversification Loan Guarantee must comply with all laws concerning the environment, and any buildings or improvements associated with the project must comply with all land use control laws.
Operating Credit Loan Guarantees
MASC’s Operating Credit Guarantees for Agriculture assist producers to obtain lines of credit from participating lending institutions.
Loans backed by an Operating Credit Guarantee can be used for general farm expenditures, living expenses, current year’s principal and interest payments on existing loans, and in cases of emergency, limited capital purchases.
Manitoba Livestock Associations Loan Guarantees
Manitoba Livestock Associations Loan Guarantees provide livestock association members with more favourable financing terms than they would be able to access individually. MASC can provide the lender with a guarantee of up to 25 per cent on the association’s loan.
MASC guarantees loans to feeder and breeder associations.
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.
