Accelerator Loan
Fast forward your future
If you’re an established farmer who wants to sell your farm and you have someone in mind – or you’re a new or expanding farmer looking to grow your business – the Accelerator Loan can make it happen.
Features
- as low as zero down payment required
- disbursements are made to the seller over time
- the loan is in two portions – one that’s the equivalent of a down payment and the other for the balance of the loan
- make as low as interest-only payments on the second portion of the loan – and only on the parts that have been disbursed to the seller
- flexible payment options
- management training provided at no cost through FCC AgriSuccess workshops for the buyer and the seller
Benefits for the buyer
- may not need capital for a down payment
- build equity over time because you have seven years to pay back the down payment portion
- sellers are more willing to accept payments over time because FCC guarantees they’ll receive the full payment
- manageable payments…so you have a manageable cash flow
- save on interest costs because the disbursement period is up to five years
- competitive rates
- AgExpert Analyst farm accounting software and on-farm installation at no cost for the buyer
Benefits for the Seller
- no risk because FCC guarantees full payment of the sale proceeds backed by a Payment Schedule Guarantee Letter
- receive payments over time, which may give you tax advantages
- the size of payments made to you can vary and be extended for as long as five years
- help another farmer take over your operation without putting your own money at risk
- a free management workshop to help make the transition easier
Security
Normally secured with real property.
Repayment
- monthly, quarterly, semi-annual or annual payments available
- fixed or variable rates
Insurance
Ask us about protecting your family and business with loan life and accident insurance.
Let’s talk
Is this the right loan for you?
- Apply for this loan now
- Find the nearest FCC office
- Call our Customer Service Centre at
1-888-332-3301
