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Family Farm Loan Program
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A.B. Graham Building
8995 East Main Street
Reynoldsburg, OH 43068-3399
Phone: (614) 995-1490
Fax: (614) 466-6124
Email: farmloan@agri.ohio.gov
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The Partnership administers the Ohio Family Farm Loan Program, which helps farmers
and agribusiness enterprises secure low interest loans to start or expand a farm
or agribusiness. Since agriculture is a very capital-intensive industry, the
program serves as an incentive to help those who may not be able to realize their
aspirations by securing traditional financing options
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The Ohio Department of Agriculture
will not release borrower's personal financial information, but does reserve
the right to release the name and location of borrower and lender, amount of the
guarantee award, and basic project information for the purpose of publicizing the
Family Farm Loan Program
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- The State will guarantee 40% of a bank loan
- The maximum of the guaranteed amount is $200,000. The minimum
is $25,000
- The length of the guaranteed portion of the loan is limited to
ten years.
- The interest rate on the guaranteed portion cannot exceed 5%
- Program funds can be used for land acquisition; to construct,
re-construct, remodel, renovate, re-habilitate, enlarge, or improve buildings to
be used for agricultural purposes; stationary equipment and fixed assets
- Program funds cannot be used for re-financing, working capital,
inventory or receivables, speculative real estate development, re-location costs
- An eligible applicant receiving financial assistance under the
Family Farm Loan Program is not precluded from further participation in this or
any other state financial program
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