(Opens in a new WiDue to the success of the program, all CDA funds have been deployed.
If you are Black or African American, American Indian or Alaska Native, Hispanic or Latino, Asian or Pacific Islander, a women, immigrant, young farmer or rancher we encourage you to explore this agriculture loan offered by our non-profit partner First Southwest Community Fund.
We've been a big part of helping Agricultural Businesses grow in the San Luis Valley for decades and have expanded that expertise to all of the markets we serve across Southern Colorado.
As a result of our history and expertise, in 2022, the Colorado Department of Agriculture (CDA) selected First Southwest Bank to serve as financial partner and lender for the new $30 million Colorado Agricultural Future Loan Program that makes low cost, fixed-rate loans available to young, start-up and established farmers and ranchers.
The Colorado Agricultural Future Loan Program is a financially-inclusive lending program that offers financing to beginning farmers and ranchers, and agriculturally-supportive businesses that transform, package, process, store, or grade Colorado farm or ranch products.
We’re providing financing opportunities for farm infrastructure and operations where conventional lenders won’t. By providing loans to those who might not otherwise qualify for traditional lending opportunities, we are seeking to strengthen Colorado agriculture, expand diversity within farming, and increase participation from next-generation farmers.
We award loans to qualified applicants with the knowledge and drive to contribute to a secure farming future in Colorado. Not sure if you qualify? Please visit our FAQ page for a list of requirements or reach out to one of our team members.
Loan funds can be used for most business purposes, including, but not limited to: operating expenses, the purchase of land and equipment, business improvements, worker wages, and conservation projects.
Loan Details:
- 4% fixed interest rate (Annual Percentage Rate 4.17%)
- Term notes of 1-20 years
- 1.5% loan fee
- Revolving lines of credit up to 5 years
- Up to $750,000, with more possible for significant capital purchases
The Colorado Agricultural Future Loan Program was created with real people and real businesses in mind.
All loans are subject to credit approval.
Check out our FAQs or contact us directly for more details.
