WE ARE PROUD TO BE PARTNERING WITH CROSSHATCH FOR THE 3RD YEAR IN SUPPORTING THE LOCAL FOOD AND FARM ECONOMY BY PROVIDING MICRO-LOANS FOR FARMERS AND FOOD ENTREPRENEURS.
WE ARE VERY EXCITED TO ANNOUNCE THAT WE INCREASED THE TOTAL LOAN DOLLARS IN 2018 TO $10,000 AND HAVE DROPPED THE LOANS TO A ZERO PERCENT INTEREST.
Ideal candidates will propose an idea that would boost a farm or food business and elevate the region's local food system. Applicants can apply for loans between $500 - $10,000. Loans will have a 0% interest rate and repayment terms are dependent on the size of the loan. There is no application fee.
The micro loan program is now open for applications and the deadline to apply is February 12. The loans will be distributed March 1, 2018 and borrowers will be required to have three meetings with the loan agents throughout the term to discuss how their project is evolving.
For more information and to apply for a loan, visit www.crosshatch.org/micro-loan/
Recipient Matt and Ellie Evans of Pitchfork Farms
Ellie was thankful for the Micro Loan to start a project that, at this point, no one else is doing in Petoskey. “The loan goes beyond helping the farming community, it helps the community at large too,” said Ellie. “There’s been a demand for u-pick berries, and right now people have to drive out of Petoskey to find it. To provide something that no one else is doing right now feels really good.” -Crosshatch
Recipient Marvin Best of Best Farm
"Best Farm in Ellsworth was able to do some soil health building, irrigation work and get some repairs done on a tractor. The low interest rate was especially intriguing to Best Farm, as the bank was offering a much higher rate for loans." -Crosshatch
Recipient Susan Sharp of Open Sky Organic Farm
"Open Sky Organic Farm in Cross Village, is installing new heating and cooling systems to extend their season and offer organic vegetables longer into the fall and winter." -Crosshatch
Recipient Lukas Hamilton of Grass Lake Organics
"Grass Lake Organics in Antrim County was able to purchase some irrigation and tilling equipment to cultivate a garden, which lead to supplying food for the surrounding community." -Crosshatch