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 shower

      High: 7°C | Low: 1°C

    • Deer Lake

      Heavy rain shower

      High: 8°C | Low: 0°C

    • Stephenville

      Heavy rain shower

      High: 6°C | Low: 1°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Cultural Mosiac

      Cultural Mosiac ( a celebration of multiculturalism in Western Newfoundland) took place at the Corner Brook Arts & Centre

    • Sunday Night Geek

      Sunday Night Geek, April 12, 2026

      Sunday Night Geek, April 12, 2026

    • Center Stage with Stella

      Center Stage with Stella, April 8, 2026

      This week's guests are Chris and Kerry Wells (The Sunday Night Boys)