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
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Details
Organization
Farm Credit East
Financial Instrument
Loan
Image Credit
Updated February 2, 2022
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.
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