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Manitoba Agricultural Services Corporation

Image: Rural retail business, assisted by the Rural Entrepreneur Assistance program

Rural retail business, assisted by the Rural Entrepreneur Assistance program

Rural Entrepreneur Assistance

Access to capital is vital for starting or expanding a new business, and for purchasing an existing business. Small businesses are especially important to the growth of Manitoba's rural communities, and MASC is committed to providing rural entrepreneurs with the opportunity to access financing.

MASC's Rural Entrepreneur Assistance (REA) guarantees 80% of an entrepreneur's loan amount (to a maximum of $200,000), providing extra security to financial institutions that are prepared to offer businesses (small commercial and home-based) in rural Manitoba the financial support they need to be successful.

Loans can be made to owners/operators and cooperatives, and may be used for the purchase of fixed assets, inventory and/or working capital. Funds cannot be used to pay existing debts of the company or any individual, nor are REA loans transferable to other persons, companies or businesses.

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The Rural Entrepreneur Assistance (REA) program is available to small businesses located in Manitoba, outside of Winnipeg. Businesses with ${max_sales} million or less in annual income/sales are eligible. Applicants must contribute {applicant_contribution}% of the total costs as equity (in the form of cash, land, buildings, equipment, inventory and/or other assets).

Businesses not eligible include (but are not limited to): insurance, real estate investing, financial, restaurants, those engaged in primary harvesting of resources, primary agriculture or those intending only to renovate or make cosmetic changes to buildings.


Loan Maximum

REA guarantees are available on loans over $10,000, and are capped at 80% of the first $200,000 borrowed. When the total loan amount exceeds $200,000, the guarantee is calculated as a percentage of the loan.

Interest Rate

The interest rate charged by the lender cannot exceed the commercial prime rate plus 2.5%. If a fixed rate is preferred, the rate is negotiated with the borrower and lender.

Maximum Amortization

Loan repayment terms are negotiated between the lender and borrower. Loan amortizations beyond 10 years are permitted, however tthe REA guarantee is restricted to the first 10 years (maximum)..


Applicants should make an appointment with a participating lender, or contact MASC's REA Program Specialist. An application form is completed and submitted along with a business plan to the lender.

If the application is approved by the financial institution and MASC, the small business owner must attend a business education workshop (provided at no cost).

REA Program Specialist
Manitoba Agricultural Services Corporation
1-5290 Monterey Road
Headingley, Manitoba R4H 1J9
Tel: (204) 945-2180
Toll-free: 1-800-282-8069 (Ext. 2180)
E-mail: rea[at]masc.mb.ca
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