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Comprehensive Refinancing Loans
Comprehensive Refinancing Loans assist existing MASC clients in financial difficulty. Loans may be approved in conjunction with other debt restructuring using MASC's Direct Loans.
The process associated with Comprehensive Refinancing Loans may include consultations with the Manitoba Farm Mediation Board and/or the federal Farm Debt Mediation Service.
- Eligibility
- Details
- Contact
- Links
Eligibility
Eligible Applicants
Existing MASC clients experiencing financial difficulties are eligible. Applicants must personally operate the farm to which the loan applies. The farm must be considered potentially viable and meet security requirements.
Details
Interest Rate
Interest rates follow MASC's prevailing rates and will be established at {program_details::sub_rate}% less than MASC's five-year rate for the first five years. Thereafter, interest rates will be set according to MASC's prevailing interest rates.
Repayment
Repayment terms of up to {program_details::max_term} years are available.
Security
Loans are secured with real, personal and/or other security as required.
Contact
To apply for a Comprehensive Refinancing Loan, contact your local MASC Lending Office.
Related MASC Links |
External Links |
