Farm Credit Canada (FCC) Payment Deferrals & Credit Line Program
Overview
Farm Credit Canada (FCC) is offering loan payment deferrals and other financing products to the agriculture and food industry to ensure producers, agribusinesses, and food processors can remain focused on business-critical functions.
FCC has put in place:
A deferral of principal and interest payments up to six months for existing loans; or
A deferral of principal payments up to 12 months; or
Term loans up to $2.5M, with no fees and an 18-month interest-only option available over a 10-year amortization. These funds can be used for working capital and to modify production due to the impacts of COVID-19.