Animal Waste Treatment Loan Program

Description

The purpose of the Animal Waste Treatment System Loan Program is to finance animal waste treatment systems for independent livestock and poultry producers at below conventional interest rates.

Loan proceeds may be used to finance 100% of the cost of an eligible animal waste treatment system (less the amount of grants from any other state or federal agency) such as:

How Does the Program Work?

The Animal Waste Treatment System Loan Program provides loans that are directly funded by the Missouri Agricultural and Small Business Development Authority.

Who is Eligible?

Loan Amount and Terms

There is no dollar limit for loans. Borrowers must provide proof of expenditures prior to the authority making the loan. Loans may be made for up to 10 years, but cannot exceed the expected useful life of the facility or equipment financed. The current fixed interest rate is 6.1 percent.

Restrictions

Fees

A non-refundable $50 application fee must be submitted with the application. A loan participation fee equal to one percent of the amount of the loan (with a minimum of $250) must be paid at closing. The participation fee may be included in the loan.

Other Information

The authority also administers the Single-Purpose Animal Facilities Loan Guarantee Program for independent livestock producers.

Application Information