Government announces a new $15 million Harvester Enterprise Loan Program

    Friday, 24 May 2024 12:00

    By Tonya Organ

    The program has been enhanced to increase maximum guarantee thresholds.

    Government has announced a new Harvester Enterprise Loan Program. It comes with a $15 million investment by the Innovation and Business Investment Corporation (IBIC). The program has been enhanced to increase maximum guarantee thresholds. New components have been added to allow for down payment loans and interest payment rebates to harvesters.  $10 million is available for down payment requirements of accessing a loan from a financial institution, as well as $5 million for interest payment requirements. Applications will open in early July. 

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Sleet

      High: 2°C | Low: -7°C

    • Deer Lake

      Light snow

      High: 4°C | Low: -8°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Corner Brook Mayor Jim Parsons on Bay Fm

      Corner Brook Mayor Jim Parsons on Bay Fm, Tuesday March 11, 2025

    • Corner Brook In Council

      Corner Brook City Council, March 10 2025

      Corner Brook City Council, March 10 2025

    • The Night Show

      The Late Night Show, Friday March 7, 2025

      The Late Night Show, Friday March 7, 2025