financing source

A “microloan” program aimed at boosting Small and New Farms:

Loans up to $35,000, at an interest rate of less than five percent, from the USDA-FSA through a simplified loan application process.  Producers can apply for the maximum of $35,000 to pay for initial expenses such as hoop houses, tools, irrigation, vehicles, and annual expenses such as seed, fertilizer, utilities, land rents, marketing, and distribution expenses. Over time, the USDA said, applicants can apply for operating loans up to the maximum amount of $300,000 or obtain financing from a commercial lender under FSA’s Guaranteed Loan Program.  Get details at:  http://www.fsa.usda.gov/FSA/webapp?area=home&subject=fmlp&topic=dflop&utm_source=spotlight&utm_medium=click&utm_content=rotation1&utm_campaign=2013microloanspecial

Talk to the Indiana SBA Office to discuss if this program may be of assistance to the new urban farmers

Why might this be a valuable idea for Indy? access to capital is critical to any new start-up

 

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