Fair Finance Fund now accepting summer loan applications
Posted: July 11, 2022
Categories: GoodFoodBites / Opportunities
Are you looking for access to capital to help grow your food or farm business? The Fair Finance Fund‘s Summer Intake is now open, and loan applications are being accepted from Monday, July 11 – Friday, August 12, 2022.
The Fund finances projects across the agri-value chain, including start-up and expansion activities, equipment, building and materials, working capital, and more.
Loans are available from $20,000 to $200,000 for a 5-year term at a 6.25% interest rate. Each client receives up to 10 hours of mentorship and business assistance to help navigate business challenges through the loan period from experts in food and farming.
- No hidden fees
- Optional three-month grace period
- Character-based lender
- Fixed monthly principal and interest payments over the loan term
- No collateral requirements up to $100,000
- Early payment options available under certain conditions