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.

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