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Kentucky Agricultural Finance Corporation:
Programs
Agricultural Processing Loan Program
The Agricultural Processing Loan Program is designed to provide loan opportunities to companies and individuals in Kentucky interested in agricultural processing.
Eligible Projects
KAFC will provide and/or participate in loans in Kentucky that add value to Kentucky grown agricultural commodities through further processing. Funding opportunities will be made available to entities interested in any of the following:
- Construction of new facilities
- Renovation of existing facilities
- Expansion of existing facilities
Terms
KAFC will work in harmony with lenders that have offices in Kentucky to assist these ventures in putting together attractive financing plans.
- Effective interest rate will be determined by evaluating the financial soundness and economic benefits to farmers.
- The term of the loan can not exceed 20 years or the expected useful life of the item(s) being financed.
- Loans can not be used for operating capital or to refinance existing debt.
- KAFC has a statutory loan limit of $1,000,000 per loan, although through June 30, 2008, this limit has been raised to $5,000,000.
For an application, click on the link below:
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