JDA Agriculture Loan Fund (JDA)

The JDA Agriculture Loan Fund was created to offer affordable capital to small agribusinesses looking to complete projects that will expand their capabilities, generate economic growth and create new employment opportunities. Loan amounts are based upon project size and scope, with typical projects ranging from $50,000 to $2 million or more. The fund is offered through the New York State Job Development Authority (JDA), part of Empire State Development, and lending is delivered by participating regional lenders across the state.

Small agribusinesses looking to grow and expand, including: food and livestock growers, value-added processors, food distributors, food aggregators, beverage producers and Food Hub participants.

Interest rates and approval terms are set by the individual participating lenders. Loan amounts are based upon project size and scope, with typical projects ranging from $50,000 to $2 million or more.

Loans are made by participating regional lenders. Contact one of the nine participating lenders to apply:

• Central NY Enterprise Development Corp. — David Bottar, (315) 422-8276 ext. 1207

• Delaware County Local Development Corp. — Glenn Nealis, (607) 832-5123

• Enterprise Center at PathStone — Yahaira Zapata, (716) 553-5145

• Fulton County Center for Regional Growth — Kenneth Adamczyk, (518) 725-7700 ext. 1002

• Hudson Valley Agribusiness Development Corp. — Mary Ann Johnson, (518) 432-5360 ext. 302

• Mohawk Valley Rehabilitation Corp. — Steve Smith, (315) 866-4671

• Pursuit Lending — Dustin Krause, (518) 694-8542

• REDEC Relending Corporation — George Miner, (607) 962-3021 ext. 111

• Southern Tier Enterprise Development Org. Inc. — Richard Zink, (716) 945-5301 ext. 2203