Small Farm Loans

Small Farm Loans

Thinking about a smaller farming operation?

We can help with a Small Farm Loan of up to $250,000.

Barriers to entry for large farming operations, combined with increased flexibility in zoning for smaller rural acreages are pointing to new market opportunities for farm entrants.

These include a range of current success stories, from Bayfield Berry Farm to Firmly Rooted in Belgrave and R4 Microfarm in St. Helen’s.

The smaller rural acreages sector can benefit from CFHuron Small Farm Loans that align with and reinforce our commitment to things like the Food Hub, School Nutrition Programs and Taste of Huron initiative.

Next Steps?

Contact Tina for more information or apply for a business loan now!

* The Business Loan Application Process Step-by-Step

  1. Applicant completes the online application and uploads their completed Business Plan, past financial statements, 12-month cashflow projection and two pieces of ID.
  2. Documentation is reviewed by the Lending Consultant.
  3. Lending Consultant and applicant have discussions to clarify points in business plan or application as needed. 
  4. If it is recommended to the Community Futures Huron Board of Directors for approval, Community Futures Huron will complete a credit check.
  5. Application is presented to the Community Futures Huron Board of Directors for approval.
  6. If approved, a Letter of Offer is extended to the applicant for signature and return to Community Futures Huron. 
  7. Funds are normally made available within 2 weeks after the Letter of Offer is returned to Community Futures Huron. 

Costs 

  • There is a 2% loan development and maintenance fee (to a maximum of $2,000) that is paid up front after the loan is approved. 
  • Applicants are responsible for all legal costs to complete the loan securitization package. These funds can be paid for from the proceeds of the funds to be borrowed. 

Loan Information 

  • Maximum loan size is $250,000.00 to be used for the purchase of fixed assets, leasehold improvements, inventory, expansion, start-up or working capital or a combination of any along with some consolidation. 
  • Flexible repayment terms and no prepayment penalties.

Need Help? 

If you get stuck in the application, just contact Tina, and she’ll help to get you on track.

Community Futures Huron is located at 435 Turnberry Street, Brussels, Ontario. Come see us in this new location.

Office hours are Tuesday to Friday from 10 am to 3 pm. Phone: (226) 889-8256; emailinfo@cfhuron.ca.

Areas we serve: Howick, Wingham, Blyth, Brussels, Dungannon, Goderich, Clinton, Seaforth, Hensall, Zurich, Bayfield, Exeter.

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