The Institute is happy announce a new emergency fund loan program to provide much needed cash flow to market farmers. The terms and conditions are as follows:
$2,500 Short Term Temporary Emergency Loans to help alleviate cash flow challenges
Must be a vendor in good standing. Final decision to be made by the Microloan Committee.
No interest and no payments for 90 days (from time of funds disbursement)
Repayment within 1 year from time of funds disbursement
Any current vendor at the Santa Fe Farmers’ Market may apply for a $250 to $5000 for a first loan and up to $10,000 for subsequent loans at 6% interest from the Institute, which is administered by the Guadalupe Credit Union. Access to capital, plus professional development provided by the Institute and its partners, ensures that farmers and ranchers can provide a constant and growing food supply to Santa Fe and the region.