The Carrot Project Farm and Food Loan Fund

The Carrot Project Farm and Food Loan Fund is sponsored by The Carrot Project. This program provides loans and business assistance to small and mid-sized farms and food businesses in the Northeast. While primarily a loan fund, it is focused on supporting agricultural businesses.

The Carrot Project Farm and Food Loan Fund Guide - Ambrook The Carrot Project Farm and Food Loan Fund Share https://ambrook. com/funding/carrot-farm-and-food-loan? utm_medium=referral The Carrot Project's loan programs are available for businesses in Massachusetts, Rhode Island, Connecticut, New Hampshire, and Maine.

Capital or operating loans of $5,000-$250,000 are available to farm, forestry and fishery businesses, and to processing, distribution and storage enterprises that use any type of local agricultural product. Loans are available for businesses that may not be able to obtain financing elsewhere, including startups and farms in the first few years of operation. Those who already have a business plan are ideally suited to apply.

We offer guidance on when and how to apply for financing, as well as assistance with loan applications, and connection to lenders that lend up to $250,000. Loan Massachusetts Rhode Island Connecticut New Hampshire Maine Annual gross annual revenues of $499,999 or less. Applicants must be engaged in cultivation of farm, forest or aquatic products or adding value to such products.

Farm property must be owned or leased by the applicant(s); leases should be in effect for at least the repayment period of the loan. Must be involved in processing, storage or distribution of agricultural products. Businesses whose primary purpose is to process, add value to, store, or act as distributors for local agricultural products are eligible.

For example: agricultural co-ops, co-packers, food hubs, produce delivery companies, cheese makers, butcher shops and farm stands are eligible when distributing or adding value to local products. The sources of the ingredients or materials from which the product is produced are primarily within Massachusetts and/or nearby states, although the points of sale need not be within this region. The business must have less than 50 employees.

Agricultural industry support services such as veterinarians, feed & fertilizer stores, general retail outlets, or any business whose product is not primarily local & agricultural are not eligible. Loans from $5,000 to $250,000 available The interest rate is approximately 6-7% (subject to change) Flexible loan terms from 1-7 years. There is no penalty for early payment.

Funds may be used for operating or capital expenses. If a loan is used for fixed assets, inventory or receivables, the purchased items will be used as collateral to secure the loan. Loans of up to $250,000 are available.

The interest rate is approximately 6-7% (subject to change) Flexible loan terms from 1-7 years. There is no penalty for early payment. Funds may be used for operating or capital expenses.

If a loan is used for fixed assets, inventory or receivables, the purchased items will be used as collateral to secure the loan. To apply, potential applicants must first fill out the Loan Inquiry Form . The application deadline is always the first of the month or the next business day if the first is a weekend or holiday.

Borrower’s Financial Glossary (Download . pdf) Yearly Financial Statements Template (Download . xlsx) Monthly Financial Statements Template (Download .

xlsx) Sample Business Plan and Financial Statements (Download .

pdf) Direct Farm Operating Loan Loan General Equipment Animal Purchase Diversification Marketing Processing Feed Seed Fertilizer Cash Rent Housing Construction Infrastructure Repairs Pest Management Storage Legal & Finance Water Management Waterway Protection Water Quality Conservation Training Immigrants CSA Refinancing Reduced Tillage National Any Environmental Quality Incentives Program ( EQIP ) Natural Resources Conservation Service Grant Cost Share Conservation Cover Crops Forest Management Certified Grassfed Irrigation High Tunnel Certified Organic Air Quality Alternative Energy Soil Health Wildlife & Pollinator Habitat Water Quality Weather Research Landscape Precision Ag Drought Nutrient Management Carbon Capture Fencing Agroforestry Grazing Management Reduced Inputs National Any Farm Storage Facility Loan Program ( FSFL ) Loan Infrastructure Equipment Storage Lighting Delivery Vehicle National Oilseeds Peanuts Pulse Crops Hay Honey Biomass Fruits Vegetables Floriculture Hops Maple Sap Milk Cheese Yogurt Butter Eggs Rye Aquaculture Poultry Livestock Grains ACRE3 Agricultural Energy Efficiency Colorado Department of Agriculture Grant Cost Share Loan Alternative Energy Conservation Irrigation Storage Greenhouse CO Any Food Systems Conservation Small Producers Distribution Certified Organic Storage 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. Explore hundreds more programs on Ambrook.