Getting money to finance the building and equipment is not a problem, but funding working capital is a challenge.  Banks want any loan they make secured by money or property.  Only the federal government is in a position to loan money for working capital, in much the same way that the government is the sole source for student loans, and other financing that is not backed up by hard collateral.

Federal money also has the most favorable terms - interest rate and amortization period.

If we are unable to get USDA funding we have other options to explore, but this is by far our best option.

Last updated on May 17, 2011 by Andy Schloss