Cover photo for Farmstart

Farmstart

Farm Credit East

About

**FarmStart **is a Farm Credit East program that makes working capital investments of up to $75,000 to northeast agricultural ventures showing promise of success. The innovative program targets startup farmers and ag businesses with limited financial resources and who are not generally eligible for conventional lending programs.

The investment functions the same as an operating line of credit and is intended to provide the critical last dollar of funding to overcome the financial challenges that true startup farming operations initially face in generating working capital. Repayment of these funds is up to five years.

Eligibility

Farmers, forestry producers, fishermen, farm-related service businesses and cooperatives, generally in their first three years of business.

Resources

Similar Programs

Details

Organization

Farm Credit East

Financial Instrument

Loan

Image Credit

Gabriel Jimenez

Updated July 26, 2021

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.