HVADC Agribusiness Loan Fund

HVADC Agribusiness Loan Fund

Purpose: Specialized lending for agribusiness providing alternative credit instrument for businesses that may not access sufficient capital through traditional institutions

Geographic Scope: Hudson Valley region of New York State

Loan Features:

Loan Sizes: $25,000 to $1,000,000+

Loan Terms: One to ten years

Loan Rates: Generally Prime -1.00% to Prime +2.75% (inquire for current rates based upon loan size, use and term)

Loan Types:

- Traditional variable rate structured loans
- Short-term bridge/gap loans

Eligible Loan Uses:

Working capital

Equipment purchase

Real estate acquisition (conditional)

Leasehold improvements

Business expansion

Eligible Applicants:
Businesses in agriculture or those using/selling agricultural products including:

Local farms

Value-add product manufacturing

Food processors

Food aggregators

Food distributors

Craft beverage producers

Wineries

Retail businesses

Restaurants

Other food/agriculture related businesses

Ideal Candidates:

Growth-oriented businesses looking to expand operations or value-added product offerings

Businesses owned by entrepreneurs of all backgrounds, particularly women, veterans, LGBTQ+, BIPOC and those from lower-income backgrounds or communities

Established small businesses seeking working capital

Businesses investing in equipment, inventory or technology upgrades

Businesses receiving grant funding on reimbursement basis needing bridge financing

Businesses with revenues over $100,000

Those with difficulty obtaining credit from traditional bank sources

Those challenged by rising costs and high interest rates

Lender Philosophy:
Non-profit lender that understands unique missions, finances, challenges and operations of agriculture-related businesses and shares commitment to land stewardship and growth of local agriculture

Additional Support:
HVADC can:

Work with clients to complete applications

Connect applicants with required resources or advisors

Provide business development consultation and solutions

Contact Information:

Duane Stanton, Business Service Coordinator

Phone: 518-432-5360 Ext 402

Email: dstanton@hvadc.org

Address: 507 Warren St., 2nd Floor, Hudson, NY 12534