Repayable Contribution
(COVID-19) FADQ Operating Loan
To help agricultural and agri-food businesses maintain their operations, the FADQ can quickly grant loan guarantees of up to $50,000 free of personal property or real estate property guarantee. This measure is available to any FADQ financing client with temporary cash flow issues due to the COVID-19 pandemic.
- 4.5/5.0
- Québec. Financière agricole
- All levels
- Last updated 3 years ago
- English
Description
To help agricultural and agri-food businesses maintain their operations, the FADQ can quickly grant loan guarantees of up to $50,000 free of personal property or real estate property guarantee. This measure is available to any FADQ financing client with temporary cash flow issues due to the COVID-19 pandemic.Given the current context, the Financière agricole du Québec (FADQ) is committed to showing a maximum of flexibility in managing its financing, insurance, and income protection programs. Therefore, the FADQ announces the deployment of additional measures to support farm producers. FADQ clients will benefit from a ten-year repayment term and a 12-month capital payment relief with advantageous FADQ interest rates.