You are perfectly positioned to take advantage of this program, designed to support businesses across Manitoba's agricultural sector. By applying, you can gain easy access to credit through direct loans or loan guarantees that can help you purchase equipment, improve facilities, or scale up production with fewer hurdles. There are no strict revenue requirements, so whether you're starting fresh or have an established business, you can benefit.

Loan terms are reasonable, making repayment manageable. This financial support ensures you have the capital needed to thrive in your field. Being approved could mean the difference between stagnation and growth for your operations, allowing you to innovate and expand without the usual financial constraints. With its inclusive nature, this program is a golden opportunity to secure essential funding to strengthen your business in Manitoba.

Type of Financing

You have access to direct loans and guaranteed loans. Direct loans mean you borrow directly from the program, while guaranteed loans are made through private lenders with support from the program.

Repayment Terms

• Repayment Term: Loans typically have flexible repayment terms that can range from a few years to several, depending on the loan size and purpose.
• Interest Rates: The interest rates are competitive and set at reasonable levels to help facilitate access to credit without putting too much pressure on your finances.

Eligible and Ineligible Expenses

• Eligible Expenses: You can use the funds for various purposes, including:

  • Purchasing equipment
  • Expanding operations
  • Refinancing debt
  • Other related agricultural expenses

• Ineligible Expenses: The funds cannot be used for personal use or non-agricultural business expenses.

Fees Associated

There may be minimal fees involved, so always review the fine print before committing. Transparency is key, and we encourage you to ask about any costs upfront.

• Location: Must be based in Manitoba.
• Sectors: Open to all sectors.
• Legal Structure: All legal structures can apply.
• Profit Structure: All profit structures are eligible.
• Minimum Employees: No minimum employee requirement.
• Maximum Employees: No maximum employee limit.
• Minimum Company Revenue: No minimum revenue requirement.
• Maximum Company Revenue: No maximum revenue limit.

Disqualifications: None specified.

MASC's lending programs are designed to help your business gain easy access to credit. They provide direct loans and also guarantee loans from private banks. This means you can get the funds you need to grow or expand your operations in rural Manitoba without the usual hurdles.

You can use the money for various purposes, such as purchasing equipment, improving facilities, or even scaling up production. There are no strict revenue requirements, so whether your business is just starting or already established, you're in a good position to benefit from this program.

One of the best parts? Loan terms are reasonable, helping you manage repayments comfortably. These programs are here to support you, ensuring you can access the capital needed to thrive in Manitoba's agricultural sector.