Slow Money Western Slope Loans

Slow Money Western Slope provides loans to small farms and agricultural-based businesses for projects that will improve their operations and increase their bottom line. Loan amounts will depend on the total capital raised at the announcement time of applications. The eligible projects are broad because every business is different. Examples might include building a winter greenhouse to extend the growing season, automating systems that increase efficiency, purchasing cooler space to make more product available for customers, or covering start-up costs for perennial crops that are great for the environment, but don’t start paying back for a few years.

Please note: loans are not to be used for debt relief.

The process is straightforward and transparent. Farms and businesses will fill out a user-friendly application form, provide references, and provide financial paperwork. The Loan Review Committee comprised of small farm advisors and interested community members will review the applications based on the borrower’s ability to repay the loan. The Committee will also look beyond collateral and credit scores in making a determination. A key factor will be demonstrating a viable business plan with market opportunity. Repayment terms for 0% loans will vary and will be determined by the discretion of the Loan Review Committee.

As these farms and businesses grow, the fund recipients will repay their loans. That money will then go back into the loan fund and be available for other farmers and businesses. This way the money will continue to circulate in the community providing enduring support for small-scale sustainable farmers and businesses!