Provides loans that range from $5,000 to $20,000 at 3% amortized interest, and are available to businesses with less than 2 years of operating history. The loan term ranges between 24-60 months, with the option to defer payments for up to a year. Application accepted on a rolling basis and loans awarded as funds are available.
Categories
Last Assured
01/08/2024
Eligibility
Farm and food-related businesses registered and located in Vermont that either produce or source ingredients for their value added food-processing from local farms/producers (Vermont plus 30 miles).
Agency info
CENTER FOR AN AGRICULTURAL ECONOMY, THE
The Center for an Agricultural Economy (CAE) is a non-profit organization serving the Northeast Kingdom of Vermont through programs supporting food access, farm viability, and working landscapes in an effort to build a healthy, regenerative food system. CAE promotes local foods and the people who produce them and assists farmers and food businesses through financing, access to new markets, business advising, and provision of a shared-use commercial kitchen.