Young Entrepreneur Loan (Farm Credit Canada)
Fuel your ag or food business with up to $2,000,000 in loan funding and zero processing fees. This is a repayable loan for entrepreneurs under 40 who are ready to grow.
Before you spend a dollar
Confirm on the official page whether approval must precede spending or if you can spend first and reimburse later.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are under 40 years old and ready to take the lead.
- Your business operates in agriculture or the food sector.
- You have a solid business plan prepared for review.
Probably not the right fit if
- You are 40 years old or older.
- Your business is outside of agriculture or food production.
- You do not have a formal business plan to support your application.
How much you'd realistically get
Up to $2,000,000 depending on your business plan and asset needs.
What may be supported
- Purchasing shares in an agricultural or food-related business
- Buying an agricultural or food-related business
- Improving an agricultural or food-related business
- Purchasing agriculture or food-related assets
How applying works
Effort: moderateYou need a good business plan and must contact your local Farm Credit Canada office directly.
- 01Prepare a detailed business plan.
- 02Contact your local Farm Credit Canada office.
- 03Submit your application and business plan for review.
- 04Confirm loan terms and disbursement method with the lender.
Who to ask: Phone: 1-306-780-8900; Email: csc@fcc-fac.ca; Contact local office via https://www.fcc-fac.ca/en/about-fcc/contact#filterBy=CCO
Before you apply
Your lender will want to see what the money buys
A written quote for the project makes your application concrete and shows the lender exactly where the money goes. BBN Labs works with you on this: we prepare a quote for the work this program funds — scope, costs and timelines you can put straight into your application. Free, no obligation.
Get my quote for this program →Documents commonly required
- Business plan
- Proof of age (must be under 40)
- Business registration documents
- Financial statements or projections
How BBN Labs helps
- BBN coordinates qualified partners for the facility and equipment improvements your loan funds, so your farm or food operation is ready to run.
- BBN builds your website and online store as a complementary project alongside your loan-funded purchase, so buyers can find and order from your farm or food brand.
- BBN sets up Local SEO and Google Business Profile as part of that complementary digital work, helping local buyers find your produce online.
- BBN runs Google reviews and digital marketing as complementary services, turning happy customers into social proof that builds your reputation.
- You focus on running your farm while BBN watches the process to keep your application steps in the right order.
What to know before you count on it
- This is a loan that must be repaid with interest.
- You must be under 40 to qualify.
- Interest rates and repayment terms are not published; confirm on the official page.
- Disbursement method is not stated; confirm on the official page whether funds are upfront or drawn down.
What are your odds?
Approval depends on your business plan quality and creditworthiness; there is no guarantee of funding.
Frequently asked questions
Is this money free?
No. This is a loan that must be repaid. There are no processing fees, but interest terms are not stated; confirm on the official page.
Can I use this for a retail store?
Only if the business is agricultural or food-related. General retail stores do not qualify.
What if I am 40 years old?
You do not qualify. The program is strictly for entrepreneurs under age 40.
Related BBN services
What you can combine it with
Check with Farm Credit Canada if this loan can be combined with other federal or provincial grants.
Worth reading before you apply
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated ; last verified yesterday with the official source. Source: official program page.