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Kentucky Agricultural Finance Corporation:
Programs
Large/Food Animal Veterinary Loan Program
The Large/Food Animal Veterinary Loan Program is designed to assist individuals licensed to practice veterinary medicine in Kentucky who desire to construct, expand, equip or buy into a practice serving large animal producers, including goat, sheep, swine, and other smaller food animals.
Eligible Projects
KAFC will provide financing in participation with a local lender for the acquisition, renovation and development of capital assets needed to facilitate a large animal veterinary practice, as well as equipment determined to be essential for the delivery of services provided by a large animal veterinary practice.
Terms
There must be a commitment by a participating lender who will work with the borrower to capitalize the initial investments outlined in the 5-year business plan.
Additionally, the applicant must have the following:
- Documentation of valid license to practice veterinary medicine in Kentucky
- A combined net worth of less than $500,000 at time of application (applicant and spouse, if applicable)
- A 3-year business plan showing a reasonable return and an ability to retire the KAFC debt
KAFC will loan up to $100,000 not to exceed 50% of the outstanding debt held by the participating lender on behalf of the applicant at the closing of this loan.
For an application, click on the link below:
Updated: July 25, 2011
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