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

      Low-level cloud

      High: 5°C | Low: -1°C

    • Deer Lake

      Sunny intervals

      High: 5°C | Low: 0°C

    • Stephenville

      Heavy rain shower

      High: 6°C | Low: 2°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Chosen Family Dinner

      Friendly reminder, registration has ended for the upcoming #ChosenFamilyDinner2025. Those who have signed up will have received an email confirming attendance.

    • Sunday Night Geek

      Sunday Night Geek, November 23, 2025

      Sunday Night Geek, November 23, 2025

    • The Plain Truth

      The Plain Truth, Wednesday November 19, 2025

      Paula Sheppard's guest this week is Healther Davis, Executive Director of the Committee of Family Violence which oversees Willow House