Lending Products

We can help improve the viability of farm operations in Nova Scotia.

Wild Blueberry Business Enhancement Loans

The Wild Blueberry Business Enhancement program aims to increase wild blueberry production in Nova Scotia through efficiencies and land expansion by providing lending options for equipment, purchase and improvement of existing land, and new site development. This Program encourages blueberry producers to invest in expanding their current operation to implement long-term viability.

Eligibility

Applicant must:

• Be actively farming in Nova Scotia
• Be registered with the Wild Blueberry Producers Association of Nova Scotia
• Provide proposed expansion plan or project detail

Financing

Equipment Financing – acquire new or used equipment for improved efficiencies in wild blueberry production. Equipment can be for the production, harvest or processing of blueberries and loans are offered with flexible terms and competitive rates.

Land Improvement – this lending option is for the purchase or development of land currently in blueberry production. Financing can be provided to new or existing producers interested in purchasing blueberry land, or for the costs associated with improving yields on existing fields. Includes condensed deferred payment options for projects such as secondary levelling which reduce yield potential for a production cycle.

Deferred Financing – deferred financing is offered for the development of new blueberry lands not currently in production. Farmers are offered financing with three years of no payments, followed by two years of interest only payments. Loans will commence thereafter with blended payment as discussed with your loan officer.

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