Agri-Food Trade Services for Exporters

Type
EXPERT ADVICE
Application Difficulty
MEDIUM
Application DeadlineMay 03, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed specifically for businesses like yours in the agri-food sector. It offers customized market intelligence reports and e-commerce strategies to help you tap into global markets. By participating, you gain access to valuable insights on market trends, opportunities, and export requirements for regions such as the United States, Mexico, Europe, and Asia.

Why Apply?

  • Tailored Reports: Receive detailed, customized reports and analysis to make informed decisions.
  • E-commerce Support: Learn how to effectively sell your products online and reach international customers.
  • Market Trends: Stay ahead with the latest trends and opportunities in the global agri-food market.

What's in it for You?

  • Enhanced Market Access: Leverage free trade agreements to expand your business.
  • Expert Guidance: Benefit from specialized knowledge and support to navigate export requirements.
  • Competitive Edge: Gain a competitive advantage with up-to-date market intelligence.

Qualifying for this program is straightforward, making it an excellent opportunity to grow your business internationally.

Financing Details

Type of Financing: Grant

Repayment Terms:

  • No repayment required.

Eligible Expenses:

  • Research and development costs.
  • Marketing and promotional activities.
  • Export-related expenses.
  • Training and development for employees.
  • Equipment and technology upgrades.

Ineligible Expenses:

  • Real estate purchases.
  • Debt refinancing.
  • Routine operational costs (e.g., utilities, rent).

Fees:

  • No application fees.
  • No administrative fees.

Qualifications

  • Must be a Canadian agri-food or seafood business.
  • Must be involved in international trade or seeking to expand into international markets.
  • Business must be registered and have a Canada Revenue Agency Business Number.
  • Must be able to utilize market intelligence reports and e-commerce strategies.
  • Must comply with export requirements for targeted markets (United States, Mexico, Europe, Asia).

  • Disqualifications:

    • Businesses not related to agri-food or seafood.
    • Businesses not engaged in or planning to engage in international trade.
    • Businesses without a Canada Revenue Agency Business Number.

Description

This program offers up to $1,000,000 for your business. You can use this money to buy equipment or improve your rented space.

Eligible purchases include:

  • Commercial kitchen appliances
  • Manufacturing machinery
  • Computers and IT infrastructure
  • Renovating a retail space

For other costs like software or operational expenses, you can get up to $150,000.

The federal government guarantees 85% of the loan, giving you a strong safety net.

Flexible repayment options are available. You can choose a variable interest rate, a fixed one, or a combination of both.

You have up to 15 years to repay the loan, regardless of what you spend it on.

Program Steps

  1. Gather Required Documents:

    • Business registration details
    • Financial statements (last two years)
    • Business plan
    • Export strategy
    • Proof of market research
  2. Create an Online Account:

    • Visit the official application portal
    • Register your business and create a secure login
  3. Complete the Application Form:

    • Fill in all required fields
    • Provide detailed information about your business and export plans
  4. Upload Documentation:

    • Attach the prepared documents to your application
    • Ensure all files are in the correct format
  5. Review and Submit:

    • Double-check all entered information and uploaded documents
    • Submit the application through the portal
  6. Follow Up:

    • Monitor your email for any communication from the program administrators
    • Be prepared to provide additional information if requested
  7. Await Approval:

    • The program administrators will review your application
    • You will be notified of the decision and any next steps
  8. Receive Funding:

    • Upon approval, follow the instructions to access the funds
    • Use the funds as outlined in your application to support your business growth
Visit Program Website