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MASC Lending provides short, intermediate and long-term financing at reasonable interest rates and flexible repayment terms to Manitoba producers.
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Loan Details
Loan Amortization Details
Young Farmer Rebate
The Young Farmer Rebate (YFR), part of the Bridging Generations Initiative, assists young and beginning farmers to develop, expand, or reorganize their farming operations. The YFR is a rebate of up to 2% on the first $300,000 of principal for each of the first 5 years of the loan. The rate for a YFR rebate is determined by MASC's 5-year rate at the time of loan commencement, as shown in the table below:
| 5-Year Rate | YFR Rate |
|---|---|
| ≤ 4% | 1.00% |
| > 4% to 5% | 1.25% |
| > 5% to 6% | 1.50% |
| > 6% to 7% | 1.75% |
| > 7% | 2.00% |
The lifetime maximum rebate per individual is $30,000, with any unused YFR portion applicable to subsequent loans (on the first $300,000 borrowed).
Flexible Financing
Under MASC's Bridging Generations Initiative, producers between 18 and 39 years of age may be eligible for flexible financing terms on their MASC loan, greatly reducing their start-up costs and initial cash flow pressures.
Qualified producer can choose between:
- Interest-only payments for the first 5 years of the loan, or
- 90% financing with only a 10% down payment.