AgStar’s partnership with the Minnesota Rural Finance Authority (RFA) has expanded to include a new microloan program designed for new, underserved borrowers with farm capital needs. RFA has selected AgStar Financial Services as one of only two authorized, intermediary lenders for the program. Borrower eligibility for the new microloan program includes Minnesota residency, farm production of specialty crops and/or eligible livestock, inclusion within a protected group (as defined by the governing statute for the program) and operations functioning with a documented business plan. For complete details on the MDA’s microloan program, visit http://www.mda.state.mn.us/grants/loans/microloan.
AgStar Minority Lending Program Expands
April 26, 2013