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Wind turbines near St. Leon
Alternate Energy Loans
Alternate Energy Loans assist producers in seizing new market opportunities for projects including but not limited to smaller ethanol, bio-diesel, and wind operations. These loans will increase the amount of processing of agricultural products in Manitoba (grains for ethanol and oilseeds for bio-diesel) and encourage environmental sustainability.
Alternate Energy Loans can be used for the construction, equipping, and other approved capital costs associated with projects such as building ethanol, bio-diesel, and wind energy facilities.
- Features
- Eligibility
- Details
- Contact
- Links
Program Features
MASC’s regular eligibility criteria associated with net worth cap, off-farm income, and minimum farm operation income are waived for this loan program. All other loan requirements such as viability, cash flow, and debt servicing do apply.
Eligibility
Eligible Applicants
Qualifying applicants are individuals, joint farm units, partnerships, corporations or cooperatives. An applicant must be 18 years of age or older, a Manitoba resident and a Canadian citizen or lawfully admitted to Canada for permanent residence. Loans are available for any qualified projects located in rural Manitoba. Applicants do not have to be directly involved in farming.
Details
Loan Maximum
Alternate Energy Loans are available up to ${max_individual} for individuals and up to ${max_corporation} for partnerships and corporations.
Interest Rate
The interest rate is set at MASC's prevailing rate.
Repayment
Alternate Energy Loans have terms up to {max_term} years. Monthly, quarterly, or semi-annual payments are available. There are no prepayment penalties.
Contact
To apply for an MASC Alternate Energy Loan, contact your local MASC Lending Office.
Related MASC Links |
External Links |
