When it comes to interest rates and administration fees, FarmCash is proud to offer producers in Alberta, British Columbia, Saskatchewan and Manitoba a competitive advantage with low rates and unparalleled customer service.
Below is a schedule of our applicable fees and interest rates:
Initial application fee – $0
Subsequent application fees – $0.
Interest Charge – Advances over $250K are subject to interest at the TD Prime Rate - 0.75%.
Default Interest Spread (Pre-Default Date) – Loans in default status prior to the default date are charged at an interest rate of Prime + 1%
Default Interest Spread (Post-Default Date) – Loans in default status after the default date are charged at an interest rate of Prime + 3%
Repayment of loans without providing a Proof of Sale are charged at an interest rate of Prime - 0.25%
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