Category: Renewable Energy Financing
Targets beginning farmers and ranchers who are unable to obtain financing from commercial sources. Must have 3 years of farm/ranch experience. Farm size must not be greater than 30% of the median farm acreage in the county. All entity owners must be related by blood or marriage and must be eligible beginning farmers.
Same fund use as “Direct Farm Operating Loan” except loan may be used to refinance debts. Interest rates under market rate; terms cannot exceed 7 years. Farm Service Agency guarantees up to 95% of the loan, or up to $1,214,000
Funds can be used to purchase livestock, farm equipment, feed, seed, fuel, farm chemicals, insurance or other operating expenses; minor improvements to buildings, costs associated with land and water development, family subsistence, or to refinance debt under certain conditions.
This program provides business assistance and loan funding to low-to-moderate income entrepreneurs in Spokane County. Matches funds for entrepreneurs saving for projective business through Individual Development Accounts. Has access Green Loans to create jobs and promote “green” or sustainable business practices.
Looking for early-stage companies who seek seed and expansion capital. Preference given to existing businesses with a track record of success in industries such as: high-tech, clean-tech, clean-energy, consumer products, and health care.
