Farm Credit East provided a grant to the NH Community Loan Fund to help the Granite State’s small farms and commercial fishing businesses strengthen their business practices.
As part of the agreement, Farm Credit East will provide a $20,000 grant to help the Farm Food Initiative reach more early-stage farm and food businesses. This Initiative connects business borrowers and prospects with expertise in business planning, record-keeping and financial management. It also helps food producers to identify new markets and determine which of their products are most profitable or have the most potential.
Both Farm Credit East and the Community Loan Fund provide business financing, refer business to one another and collaboratively work to find the best financing solutions for local businesses. Farm Credit East extends more than $6 billion in loans and has 21 local offices in its seven-state service area
“Many businesses have growth potential, but they often need customized one-on-one assistance,” said John Hamilton, the Community Loan Fund’s Vice President for Economic Opportunity. “This grant opportunity will help support their effort.”
Owners or managers of farm or fishery businesses in NH who are interested in financing and technical assistance should contact Farm Credit East at FarmCreditEast.com or 603-472-3554, or call Charlene Andersen at the NH Community Loan Fund at 603-856-0773.
Current Issue - May 2024