- Diversify beyond commodity markets
- Develop value-added products and other sources of income
- Serve the growing demand for fresh, local food through new markets.
Loans
Loan size: $10,000 to $750,000, Flexible termsInterest rate: Market rate; rate depends on available collateral
Term: Working capital up to five years;
Equipment up to 10 years
Real Estate up to 20 years
Uses:
- Equipment (new and used)
- Livestock
- Cold storage, processing and value-added products
- Renewable energy and energy efficiency improvements
- Working capital
- Land purchases or improvements (irrigation, fencing, etc.)
Advisory Services
NCIFund partners with agencies, nonprofits and third-party service providers to address particular needs faced by farmers of color and minority-owned businesses. We can:- Help farmers obtain accounting assistance (see below!) or invest in cold storage
- Provide gap financing for reimbursable grants
- Evaluate renewable energy and energy efficiency prospects
- Connect farmers with potential markets
Farmers can download an overview and application HERE
Accountants can download an overview and application HERE