2.1: Getting Started
Getting financing for your business can be a daunting process, but there are many available options. Does your planned venture meet the criteria for federal or state agribusiness or conservation grants? If not, are your plans flexible enough to adapt? Grants can be a good source of funding, but they can also require a fair amount of work to obtain.
A good starting point would be your local lending institutions. Compare rates, and ask about their policies regarding agribusiness lending. Some banks have specialized agricultural lending divisions that may be more understanding of your needs.
Ag Alternatives: Financing Small-Scale and Part-Time Farms
A factsheet on small farm planning and financing in Pennsylvania.
Farm
Risk Plans Mortgage Calculator
An excel spreadsheet for
calculating mortgage payments.
Five
Things You Can Do to Increase Your Chances of Getting a Business Loan
General tips for maximizing your chances of qualifying for business loans.
Obtaining a DUNS Number
CPA Info #134: Entities seeking federal grant funding must have a Data Universal Numbering System (DUNS) number.
Obtaining Grant Funding
CPA Info #131: Tips for writing grant proposals.
Sources of Start-up Money
CPA Info #132: The basics; equity and debt.
Understanding Grant Programs
CPA Info #130: A basic introduction to grant programs and how they work.
