Staying profitable involves improving or expanding your business to keep abreast of new technologies. The Farm Improvement Loan answers your call with cost-effective, flexible term financing for farm assets including machinery, equipment, buildings or land. These loans are tailored for the agricultural producer and include:
- payment terms to match seasonal cash flow
- fixed or floating interest rates
- no penalty pre-payments (floating rate loans only)
- an easy application
CALA loans are government guaranteed under the Canadian Agricultural Loans Act (CALA). CALA loans replaced the Farm Improvement and Marketing Cooperatives (FIMCLA) loans in June 2009. All existing FIMCLA loans have been rolled into CALA under their original terms.
To apply for a Farm Improvement Loan or for more information about our agricultural banking services, locate an agricultural banking advisor, contact your local branch or call us at 1-877-552-5522.
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