Term Loans

Expanding or improving your farming operation comes at a cost. Whether you’re purchasing things like equipment, livestock or bin storage, or you need funds until your deferred grain tickets are due – you’ll be needing financing. That’s where a term loan comes in.

We know that no two farm operations are the same - that’s why we offer term loans that aren’t a one size fits all solution. You can set up your payments on a schedule that works with your cash flow and choose from various rate options and term lengths. It’s truly a product that’s tailored to you.

If you’re looking to make that investment in your farm but you need some extra capital to make it happen, a term loan’s the flexible option to get your operation growing.

If you have term loan questions, we’ve got the answers. Give our Contact Centre a call at 1.866.863.6237 or book an appointment online!

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What kind of information do you need from me to get my loan application started?

We’ll need a current net worth statement (and/or a copy of your most recent financial statements if your farm’s incorporated). We’ll also need confirmation of your income, like financial statements or income tax returns. 3 to 5 years of your financial information will generally give us a good sense of your business and finances.
How much can I borrow?

Typically, term loans allow you to borrow up to 75% of the value of the item you’re looking to purchase. Since there’s a number of factors to consider, the total amount you’re eligible to borrow is something that’ll be determined when you meet with your lending advisor.
Is there a fee or penalty if I pay back my term loan early?

If you have a term loan, not only will you not be charged a fee for early payments, you can make extra payments on the loan any time you like, without a penalty.

If you have term loan questions, we’ve got the answers. Give our Contact Centre a call at 1.866.863.6237.

Term Loans

What kind of information do you need from me to get my loan application started?

How much can I borrow?

Is there a fee or penalty if I pay back my term loan early?