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

      Heavy Rain

      High: 13°C | Low: 10°C

    • Deer Lake

      Heavy Rain

      High: 12°C | Low: 8°C

    • Stephenville

      Heavy Rain

      High: 15°C | Low: 11°C

    Podcasts

    • Trash Talk

      Trash Talk Thursday

      Trash Talk Thursday, June 18, 2026

    • BayFM On-Demand

      Beer for a year or $1500 cash

      Member of the Kinsmen Club of Corner Brook drop by Bay Fm.

    • NL Summer Games 2026

      Blaze's Corner, June 18, 2026

      51 days away from the start of the NL Summer Games