MASC - Loan Guarantee Programs - Manitoba Livestock Associations Loan Guarantees

This program helps Manitoba residents establish livestock cattle associations. Funds borrowed by the association from participating lending institutions to purchase feeder cattle and breeder cattle are secured by a government guarantee.

Eligibility Criteria

All persons are eligible who:

• Applicants must be 18 years of age, a resident of Manitoba, own or lease a farm in Manitoba and have facilities to care for livestock. The associations must have a minimum of 15 members.
• Members of a feeder association must deposit 5% of their authorized loan limit into the association's assurance fund.
• Members of a breeder association must deposit 10% of their authorized loan limit into the association's assurance fund. 

Summary

FINANCIAL ASSISTANCE

MASC will guarantee the lender repayment of 25% of the loan outstanding to the maximum guaranteed loan limit of $5 million per association.

Manitoba Contact(s):
Lending Corporate Office
Manitoba Agricultural Services Corporation
Unit 100 - 1525 First Street S.
Brandon, Manitoba  R7A 7A1
Telephone: 204-726-6850
Fax: 204-726-6849
E-mail: brandon.lending@masc.mb.ca
Web site: http://www.masc.mb.ca/