Objective

Agriculture is a major economic driver for New York State (NYS) – with 7 million acres of farmland and nearly 36,000 family farms. The JDA Agriculture Loan Fund aims to alleviate economic barriers faced by many small NYS agribusinesses looking to grow and expand, including: value-added processors, food distributors, food aggregators, beverage producers and Food Hub participants.

Overview

The JDA Agriculture fund was created to offer affordable capital to small agribusinesses looking to complete projects that will expand their capabilities, generate economic growth and create new employment opportunities. A total of $10 million in JDA capital was provided to participating agriculture industry lenders in New York State to encourage lending through this fund.

• Loan amounts based upon project size and scope (typical projects range from $50,000 to $2 million or more)

• Interest rates and approval terms set by individual lenders.

Eligibility

The JDA Agriculture Loan Fund is open to small agribusinesses looking to grow and expand, including: food and livestock growers, value-added processors, food distributors, food aggregators, beverage producers and Food Hub participants.

How to Apply

To find out more about the JDA Agriculture Loan Fund, please contact one of these participating lenders:

Central New York Enterprise Development Corporation
126 N Salina Street Ste 200
Syracuse, NY 13202
David Bottar
(315) 422-8276 ext 1207

The Delaware County Local Development Corporation
One Courthouse Square
Delhi, NY 13753
Glenn Nealis
(607) 832-5123

Fulton County Center for Regional Growth
34 West Fulton Street
Gloversville, NY 12078
Kenneth Adamczyk
(518) 725-7700 ext. 1002

Hudson Valley Agribusiness Development Corporation
507 Warren Street
Hudson, NY 12534
Mary Ann Johnson
(518) 432-5360 ext. 302

Mohawk Valley Rehabilitation Corporation
26 West Main Street
Mohawk, NY 13407
Steve Smith
(315) 866-4671

PathStone Enterprise Center, Inc.
400 East End Ave
Rochester, NY 14607
Javier Zapata
(787) 458-2549

Pursuit Lending
50 Beaver Street
Albany, NY 12207
Dustin Krause
(518) 694-8542

REDEC Relending Corporation
8 Denison Parkway
East Corning, NY 14830
George Miner
(607) 962-3021 ext 111

Southern Tier Enterprise Development Organization Inc.
4039 Route 219
Salamanca, NY 14779
Richard Zink
(716) 945-5301 ext 2203