Young Entrepreneur Loan (Farm Credit Canada)
Farm Credit Canada lends up to $2,000,000 to agriculture and food business owners under 40, with no loan processing fees. This is a loan you must repay with interest.
Before you spend any money
The official page does not say whether you need approval before you spend. Ask your local Farm Credit Canada office before you buy anything.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are under 40 years old.
- 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
Documents commonly required
- Business plan
- Proof of age (must be under 40)
- Business registration documents
- Financial statements or projections
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.
- The official page does not list interest rates, repayment terms, or whether you get the money all at once or in stages. Ask your local Farm Credit Canada office before you apply.
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 with interest.
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.
What you can combine it with
Check with Farm Credit Canada if this loan can be combined with other federal or provincial grants.
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.
Page last updated ; status and deadline checked . Source: official program page.