Home » Transition Programs » Long Term Loan Program
Long-term loans will be provided by lending organizations. The Government of Canada will share the loan loss risk. Lending organizations will be required to ensure that the borrower had a credible business plan demonstrating potential to maintain a viable agricultural operation that will allow for repayment. The loans would be first used to reimburse any outstanding Advance Payments Program (APP) emergency advances under the 2008 stay of default, if the borrower holds such an advance. Additional funds could be used to address liquidity issues or make the investments required to achieve long-term profitability.