PURPOSE: Loans for tourism and agriculture projects to be used for land and building acquisition and construction, machinery and equipment purchases, and working capital.
AVAILABLE FUNDING: Loans up to $200,000 or 50% of the total project ($100,000 for working capital).
ELIGIBILITY: Agricultural and tourism establishments, including: production agriculture, horticulture, aquaculture, vegetable production, livestock, floriculture, meats, wools, hides, furs, poultry, dairy, nuts, mushrooms, honey, forest products, agribusiness, sale of farm commodities, farmers’ markets, agricultural waste, agricultural energy, and any for-profit entity that can document its reliance on tourism-based commerce.
TERMS: Current interest rate is 5%. Up to a 15-year term on land and buildings, up to a 10-year term on machinery and equipment, and up to a 3-year term on working capital.