AFSC raises lending limit to $15 million
Agriculture Financial Services Corporation (AFSC) is expanding its lending program to offer more financial services to spur on Alberta’s growing agricultural industry and support rural economic development.
Under the new program, agricultural producers will now be able to access up to $15 million to invest into their farms and operations. This increase from $5 million to the lending limit ensures AFSC is able to meet the needs of the evolving market and its stakeholders and support rural economic development.
AFSC’s new lending programs are designed to help young or new agricultural producers access capital. Current producers will also benefit from AFSC’s revised lending programs so that they can expand or increase their own operations. Entrepreneurs in the agri-food and agribusiness sectors will also have access to new lending programs.
The changes to AFSC’s lending programs are effective immediately.