Revolving Loan Program


Easy, convenient, and immediate access to working capital when required.

Purpose

The Revolving Loan Program has been designed to provide a consistent and reasonable source of revolving term loan capital to individuals and companies involved in primary agriculture in Alberta. The program allows you to pay down and re-borrow funds as needed.

Eligibility

This loan is available to Canadian citizens, or landed immigrants who meet Alberta residency requirements, who are primary agriculture producers. At the time of application (and renewal), the borrower must have a satisfactory credit rating, as determined by AFSC.

Loan Uses

The purchase of assets or payment of liabilities or expenses necessary for starting, expanding or operating a farm.

Maximum Loan Amount

The maximum loan amount available is $5 million.

Security

Real Estate.

Interest Rates & Fees

Competitive interest rates up to a maximum term of 36 months with an option to renew. Standard application and amendment fees will apply.

Disbursement & Repayment

Disbursements requested are deposited to your operating account by way of electronic funds transfer. Repayment is based on 1% of outstanding principal + interest payable monthly via automated pre-authorized payment.

For more information, contact your nearest AFSC Lending Office or call us toll free at 1-877-899-2372.