NLPA
Sheep & Goat Fund Provides a Valuable Source of CompetitiveFinancing in a Tightening Credit Market
 Colorado
Springs, CO (Dec. 10, 2008) – Amidst talk of
recession and credit becoming extremely difficult to secure, the
National Livestock Producers Association (NLPA) encourages anyone
involved in the sheep and goat industries to take advantage of the
NLPA Sheep & Goat Fund.
The NLPA Sheep & Goat Fund is a revolving fund with the sole
purpose of assisting and improving the sheep and goat industries
in the United States. Since 2000 the Fund has made more than $18
million in low-interest loans with flexible terms to producers to
enhance operations that deal with sheep and goats and their products.
“This Fund is a unique source of secure, flexible credit that
sheep and goat producers should really consider,” Richard
Drake, NLPA Sheep & Goat Fund Committee Chairman said. “We
currently have about $4 million that needs to get put to work for
our industry.”
Drake, a sheep producer from Windsor, Colo., has been the Fund Committee’s
chairman for the past four years.
“The application process is a bit more involved than going
to your local bank,” he said. “But we work hard to accommodate
quick turnarounds and we look closely at each applicant to help
them get what they need from the program.”
The Fund can be used many ways, including: purchasing land or equipment,
renovations, implementing weed control, fire protection, predator
control, and breeding and genetics programs. The Fund can also be
a valuable tool in restructuring your current financial package
to help secure longer term, fixed rate loans that may otherwise
be unavailable.
NLPA lends the loan program its extensive credit experience with
a focus on agriculture and its ability to service loans nationwide,
often using local lenders. NLPA works closely with industry leaders,
like Drake, who possess an in-depth understanding of the sheep and
goat industries and their credit and operational challenges.
Basic information about the Fund:
-
Loans are available in amounts up to $1 million per applicant.
- Sole
proprietors are ineligible, but most other legal entities are
eligible (partnerships, corporations, etc…)
- Rates
and terms are determined during the approval process.
- The
Fund is delivered through either direct loans or loan guarantees
– grants are not available.
- Applications
can be submitted at any time without subject to deadlines.
The
application, descriptions of funded projects, news and industry
links are available at www.SheepandGoatFund.com.
Or you can contact Scharee Atchison at 800-237-7193, ext. 10 or via email
at NLPA@NLPA.org.
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The National Livestock Producers Association, founded in 1921, is
an organization of livestock marketing cooperatives and credit corporations
representing more than 200,000 livestock producers nationwide.
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