Cover photo for Steward Loans

Steward Loans

Steward

About

Unlike traditional banks or lenders, Steward is 100% focused on the growth of regenerative farms, ranches, fisheries, and local food producers. Steward offers business loans tailored to your specific financial situation. So whether you’re looking to add a hoop house, purchase new equipment, or acquire the land you cultivate, a Steward loan may help propel your business forward.

Steward loans range from $10,000 to $1,000,000+ (average loan ~ $50k, largest loan to-date $700k).

What They Fund:

  • Human-scale fruit & vegetable farms, livestock (animals, poultry, eggs, etc.), seafood & aquaculture, food & textile products, supply chain & food system infrastructure.

  • Funds may be used for equipment, infrastructure, land, inventory, working capital, marketing.

Eligibility

  • 3+ years farming experience (new operations with significant experience)

  • U.S. business in good standing (LLC, Inc., or registered nonprofit)

  • Incorporate regenerative and sustainable practices

  • Securable assets (loan collateralized by land, equipment, inventory, etc.) 

Terms

  • Loan Terms: range from 36 months to 60 months (sometimes longer)

  • Interest Rate: range from 5% to 10% depending on purpose of loan and state of business (6%- 8% is most common, all interest passed on to lenders).

  • Repayment: typically begin 3-6 months after funds are disbursed.

  • Fees: Steward charges a fixed 3% origination fee, that’s it.

Resources

Similar Programs

Details

Organization

Steward (Steward)

Financial Instrument

Loan

Image Credit

Steward

Updated October 21, 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.