Farm Loans & Grants http://farminmaine.wordpress.com.

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Presentation transcript:

Farm Loans & Grants http://farminmaine.wordpress.com

Other Sources of Funds Small Business Administration Guaranty Loans Personal Savings Credit Cards Venture Capital Dollars – “Go Fund Me” Outside Ownership Grants

Finding Funds for Farming Old publication from the Maine Department of Agriculture, Conservation, and Forestry (~2010) Lists county offices of entities that make loans to farms Lists potential Grant Sources

Other Loan Sources http://bit.ly/moreloans No Small Potatoes Investment Club Slow Money Maine MOFGA Barnraiser Kickstarter KIVA ZIP New Maine Credit Union

Submit before deadlines! Grants Aubrey give a more rosy picture for grant success Must have a track record Very competitive Not typical for first farming venture Follow Directions! Submit before deadlines!

Financial Statements Needed Income Statement Salary Farm Income Other Statement of Financial Position Aka Balance Sheet or Net Worth Statement