Alternate Energy Loan

Overview of the Alternate Energy Loan program:

MASC supports rural Manitobans in seizing new market opportunities by offering the Alternate Energy Loan program, which assists in the creation of projects such as smaller ethanol, biodiesel, biomass and wind operations. These loans will increase the amount of processing of agricultural products in Manitoba (grains for ethanol and oilseeds for biodiesel) and encourage environmental sustainable alternate energy sources.

Benefits of the Alternate Energy Loan program:

• Loans of up to $2.5 million for alternative energy projects are offered. Repayment must occur within a 25-year period, and there are no charges for early loan repayment. Additionally, the loan can be used to fund expenses related to construction, equipment acquisition, approved capital costs, and other eligible expenditures.

Eligibility criteria of the Alternate Energy Loan program:

• Applicants must be Manitoba residents who are at least 18 years of age and Canadian citizens or have lawful permanent residence status.
• Applicants do not have to be directly involved in farming.
• Loans are available for any qualified project located in rural Manitoba.
• The operation must be considered potentially viable and meet security requirements.