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Wholesale grant applications due

Jan 30th, 2016 | Category: News

BELLINGHAM – The Co-op’s Farm Fund is now accepting proposals for “Next Step” Grants of $1,250 to $5,000, in combination with very low-interest loans, to help qualifying farmers and food businesses successfully overcome the challenges of expansion for wholesale markets. To meet the immediate need for the 2016 growing season, applications will be accepted through Thursday, Feb. 18, 2016. In direct response to the need for access to capital and a desire to help farmers increase returns, the Community Food Co-op and the Sustainable Whatcom Fund of The Community Foundation partnered to establish the Farm Fund Revolving Loan in 2011. Offering very low interest loans of up to $12,000 through the Industrial Credit Union (ICU), the Co-op has earmarked $75,000 to secure loans. As of January 2016, the Farm Fund has loaned and secured 18 loans totaling over $83,292. For more information, see  www.communityfood.coop.

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