FLOCK OR HERD EXPANSION LOANS
For sheep or goat producers wanting to expand their flock or herd, the Expansion Loan product provides affordable financing with flexible terms. Whether you are new to the industry, or have generations of experience, this loan provides funding for the purchase of breeding animals (ewes and rams or nannies and billies), but cannot be used for other productions expenses. The term on the Expansion Loan is 5 years and the interest rate may be fixed for the entire term of the loan.
The Expansion Loan may be used as a stand alone financing tool, or be used in conjunction with an Innovation Loan.
A $100 non-refundable application fee will need to be included with any signed application for it to be considered. In addition, the applicant must also be aware they may be responsible for direct costs associated with verification of information if the application is accepted.