Local producer loan program

Funds must be used for expansion and capital expenditures, not operating expenses e. Producers must have adequate cash flow to service debt and a viable business plan for expansion. Interest rate based on Prime Rate currently 8. Approval and terms dependent primarily on risk assessment, type of product, and use of proceeds. Producer may apply for additional financing if initial loan is in good standing after one year.

Loans are subject to review of loan committee and including findings of a site visit. Interest rate can be lowered by percentage points during the life of the loan if payments are timely. Masahiro Ihara. This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites.

All information is subject to change. Ambrook Logo. Resources Funding Library. Research Inquiries. About Contact. LocalLoans wholefoods. Guidelines and Application. Press Release Announcing Partnership. Chicago Tribune Story. General Information The Midwest Region of Whole Foods Market strongly supports local food production and local communities and is pleased to request proposals from local food producers for our Local Producer Loan Program.

Eligibility: Must be regional producers of fruit, vegetables, meat, dairy, or artisanal food products. Interest rate can be lowered by percentage points during the life of the loan if payments are timely. Email Sustain with promotional questions: farmerfunds sustainusa.