Food and Agriculture Loans

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Working for Food and Agriculture Businesses

Whether you’re a fisher, farmer, rancher or food and beverage maker, we know that traditional finance isn’t always the right fit.

That’s why we’d like to help. And we have the track record to make you successful, having invested more than $80 million into businesses like yours since our founding in 1994.

Our specialty? Crafting financing packages that fit your needs – not ours.

How we work for you

Startup or Acquisition

Market-ready startups, business acquisition or partner buyouts.

Working Capital

Purchase order and inventory financing.

Equipment

Purchase or rehabilitation of equipment.

Commercial Real Estate

Purchase, retrofit or improve real estate. Agriculture land purchase.

Crop Loan Debt Restructuring

Term-out or consolidate short- or long-term debt.

Project Financing

Commercial construction, gap and bridge financing and term loans.

Rates and Terms

Loan Size

Typically, $25,000 to $3,000,000, although we can do smaller or larger loans in certain situations by utilizing a USDA Loan Guarantee.

Rates

7 to 12 percent, variable and fixed options

Fees

2 percent plus closing costs
1 percent plus closing costs for nonprofits

Term

3 to 7 years - longer amortizations are possible

Repayment frequency

Case-by-case, though we’ve made loans with:

  • Normal principal and interest payments
  • Interest-only payments during a start-up period
  • Fully-deferred start of all principal and interest payments
  • Revenue-based payment

Interest Type

Simple

Security / Guarantees

 

We offer both secured and unsecured loans. In many cases, we will require a personal guarantee from you or a guarantor.

For some loans, Craft3 may opt to utilize the USDA Business & Industry and SBA Community Advantage loan guarantee programs.