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La Financière Agricole du Quebec Loan
Is Commonly Used For:
- Young producers looking to establish themselves on an existing farm, or are starting a new business
- Farm business projects that aim to improve land, diversify production or start a greenhouse operation
- Agricultural businesses looking to expand operations or invest in the future of the business
Eligibility Requirements:
- Be located in the province of Quebec
- Demonstrate long-term viability of their enterprise
- Have property that is at least 60% owned by agricultural practitioners
- Abide by the environmental standards set forth in the Environment Quality Act (R.S.Q., chapter Q-2) and the Agricultural Operations Regulation, including the requirements involving the phosphorus report and the operating rights
Key Benefits
Save on Interest
Get a minimum interest rate discount of 0.30% to 0.60% off the interest rate for the entire term of your loan.
The Right Funds to Support Your Business
- Agricultural loans are available up to $5,000,000
- Forestry loans are available up to $750,000
Protection Against Interest Rate Increases
FADQ offers two kinds of protection against interest rate hikes for those working full-time in agriculture, and/or starting out in the industry;
- Preferred Rate protection which is applicable on financing of up to $500,000.
- Service Rate for establishments which is offered to young people in the establishment phase for financing of up to $500,000 and that have a maximum repayment period of 5 years.
Business Loan Calculator
If you’re looking to finance business growth, new equipment or more staff, our business loan calculator will help you determine the monthly payment and interest costs for various types of loans*.
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The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.