Agriculture Loans
We offer a wide range of financing options to meet your diverse and unique
requirements with fast approval times. All loans offer competitive rates
to help keep your interest costs down and flexible repayment options to
help meet your individual needs.
Agriculture Mortgages
If you are considering the purchase of farmland, renovations or construction
of farm buildings or structures, improvements to farmland or a restructure
of existing loans, we offer a variety of options designed to help you stay
in control of your financing.
Operating Loans and Lines of Credit
An Operating Loan or Line of Credit is the perfect way to ensure you have
funds readily available to meet your operating expenses while minimizing
your interest costs. By pre-arranging your financing, you protect yourself
against unexpected expenses. Interest is calculated only on the amount
owing, helping you keep interest costs to a minimum.
Livestock Loans
If your farming or ranching operation deals with livestock, we offer special
Livestock Loans for both breeding and feeder operations.
Equipment Loans
If you are looking for a loan to purchase new or used equipment and machinery,
we offer competitive rates, fixed or variable rate options and flexible
repayment plans to match your cash flow.
Deferred Grain Loans
Use your deferred grain cheque to obtain the fall operating capital you
need. At Prime plus 1% and no fees, this is an excellent way to pay your
tax-deductible expenses. We also offer free safekeeping for your Deferred
Deposits.
Quick Loan
The Quick Loan acts as a secondary line of credit so you have funds available
when you need them during peak seasons. You are only charged when you
use the funds and interest is calculated on your declining balance.
FIMCLA
The FIMCLA program offers an economical way to make major purchases and
develop your farming business. This government guaranteed loan is available
for individuals seeking funds to maintain or improve production capability
or for co-operative associations developing efficient processing, distribution
or marketing processes.
Funds are available as mortgage or non-mortgage for 80% lending value of
land, equipment, overstock and other purchases. At Affinity Credit Union,
we offer very competitive rates and calculate interest on your declining
balance. Plus, we’ll tailor your repayment schedule to meet your cash
flow (monthly, semi-annual or annual payments).
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