Available Financing
CALA loans are available for you up to 90% of the asset being financed:
- You can receive up to to a maximum of $500,000 for land and construction/ improvement of buildings.
- You can receive up to a maximum of $350,000 for all other loan purposes, including consolidation/refinancing.
Eligibility
You're eligible for a CALA loan guarantee if:
- You're engaged in farming/intend to be engaged in farming in Canada or you're an agricultural co-op with a majority (50% +1) farmer membership.
- You are engaged in farming as an individual, partnership, corporation, or a co-operative association.
- Your gross or projected annual revenue is $10 million or less.
- Your business is located in Canada
Repayment Terms
- You can amortize your loan for 15 years for land purchases
- You can repay loans for any other purpose within 10 years