Farm Improvement and Marketing Co-operatives Loans Act
FIMCLA loans are available with either a fixed or variable rate. Repayment and prepayment terms are similar to that under other Sandhills Credit Union loan programs. There are FIMCLA Registration and Administration charges for these types of loans, however, fees can be added to the loan.
As with any other agricultural loan, there are a number of considerations when granting loans for agricultural needs. The Farm Improvement Loan program is one lending tool that is available from Sandhills Credit Union that may be suitable for farm needs.
Canadian Agricultural Loans Act Program:
Learn more about the Canadian Agricultural Loans Act Program here.