JDA Agriculture Loan Fund

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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.

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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.

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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.

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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

The Enterprise Center at PathStone

400 East Ave.

Rochester, NY 14607

Yahaira Zapata

​(716) 553-5145

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

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