Alternative Loan Program (Missouri)

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Last modified on February 12, 2015.

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Place Missouri


   
Applies to States or Provinces Missouri
Name Alternative Loan Program (Missouri)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas
Active Policy Yes

Implementing Sector State/Province











Funding Source Agriculture Development Fund




Maximum Incentive 20,000









Terms - Applicant must be a legal Missouri resident and the project must be located in Missouri

- Applicant must be a minimum of 14 years of age - Interest Rate - 5.9% - Maximum term of loan - 5 years with semi-annual payments

Program Administrator Missouri Department of Agriculture
Primary Website http://mda.mo.gov/abd/financial/altloans.php
Applicable Jurisdiction Regional Map: http://mda.mo.gov/abd/financial/pdf/masbda_regions.pdf


Last Review 2014-09-15
Last Substantive Modification
to Summary
2013-09-03

Information Source http://mda.mo.gov/abd/financial/pdf/masbda_regions.pdf

http://mda.mo.gov/abd/financial/pdf/altloanapp.pdf


Summary

The Missouri Department of Agriculture offers direct loans through the Agriculture Development Fund to finance the production, processing and marketing needs of an alternative agricultural enterprise. An agricultural alternative project is doing something different from what traditional rural operations are currently doing.

Criteria: - Applicant must be a legal Missouri resident and the project must be located in Missouri - Applicant must be a minimum of 14 years of age - Maximum loan - $20,000 - Interest Rate - 5.9% - Maximum term of loan - 5 years with semi-annual payments



Policy Contact

Contact Name Wanda Ferrell
Department Missouri Department of Agriculture
Division Missouri Agricultural and Small Business Development Authority
Address P.O. Box 630

Place Jefferson City, Missouri
Zip/Postal Code 65102
Phone (573) 751-2129

Fax (573) 522-2416
Email masbda@mda.mo.gov
Website http://mda.mo.gov/abd/staff.php#masbda
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: MRS Section 261.035




















References