Cover photo for The Massachusetts Farm and Food Loan Fund

The Massachusetts Farm and Food Loan Fund

The Carrot Project


The Massachusetts Farm and Food Loan Fund offers loans to farms and food enterprises in Massachusetts. The program focuses on small and midsized farms and food system enterprises using sustainable or organic practices or products. Food enterprises primarily engaged in processing, storage or distribution of agricultural products are encouraged to apply. This loan fund is a partnership between The Carrot Project and the Franklin County Community Development Corporation, with financial backing from the Massachusetts Society for the Protection of Agriculture.


Eligible Borrowers


  • Annual gross annual revenues of $499,999 or less.

  • Applicants must be engaged in cultivation of farm, forest or aquatic products or adding value to such products.

  • Farm property must be owned or leased by the applicant(s); leases should be in effect for at least the repayment period of the loan.

Food Enterprises: 

  • Must be involved in processing, storage or distribution of agricultural products. Businesses whose primary purpose is to process, add value to, store, or act as distributors for local agricultural products are eligible. For example: agricultural co-ops, co-packers, food hubs, produce delivery companies, cheese makers, butcher shops and farm stands are eligible when distributing or adding value to local products.

  • The sources of the ingredients or materials from which the product is produced are primarily within Massachusetts and/or nearby states, although the points of sale need not be within this region.

  • The business must have less than 50 employees.

  • Agricultural industry support services such as veterinarians, feed & fertilizer stores, general retail outlets, or any business whose product is not primarily local & agricultural are not eligible.


Loan Terms

  • Loans from $5,000 to $50,000 available

  • The interest rate is approximately 6-7% (subject to change)

  • Flexible loan terms from 1-7 years. There is no penalty for early payment.

  • Funds may be used for operating or capital expenses. If a loan is used for fixed assets, inventory or receivables, the purchased items will be used as collateral to secure the loan.

Similar Programs



The Carrot Project

Financial Instrument


Minimum Award Amount


Maximum Award Amount


Image Credit

liz west

Updated January 28, 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.