Description
The Colorado Department of Agriculture (CDA) is seeking information from qualified financial entities to expand the Colorado Agricultural Future Loan Program. The program provides low-interest loans to eligible farmers, ranchers, and agricultural businesses. The CDA is looking for lenders who can underwrite, originate, and service loans. Interested entities should provide information on their experience in agricultural lending, eligibility, and operational capacity.
• The program aims to support the future of Colorado agriculture by providing loans to farmers, ranchers, and agricultural businesses.
• The CDA is prohibited from engaging in direct lending and must work with approved and contracted financial entities.
• The program has a revolving fund and has supported $22MM in loans to date.
• The CDA is considering additional lenders to help meet demand and program requirements.