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: 10°C | Low: 2°C

    • Deer Lake

      Heavy Rain

      High: 11°C | Low: 1°C

    • Stephenville

      Heavy Rain

      High: 11°C | Low: 4°C

    Recently Played

    Podcasts

    • Qalipu Today

      Qalipu Today, May 26, 2026

      Berty Leamon, Electoral Officer for the Benoit’s Cove Ward by-election, joins the show

    • Tuesdays with the Mayor

      Tuesdays with the Mayor, May 26, 2026

      Corner Brook Mayor Linda Chaisson on Bay Fm

    • Corner Brook In Council

      Corner Brook City Council Meeting, May 25, 2026

      Corner Brook City Council Meeting, May 25, 2026