Agricultural Revolving Loan Fund
(ARLF)
Administrative Agency:
State Agency: Department of Natural Resources (DNR), Division of Agriculture
Program Goals:
To promote development of agriculture as an industry in Alaska through low-interest rate loans for product processing, land clearing, equipment/livestock purchase, and farm development.
Resource Provided:
Direct loans:
operating loans up to $200,000,
chattel loans up to $1,000,000,
product processing and land clearing loans up to $250,000,
farm development loans up to $1,000,000.
All loans are limited to 75% loan to value of collateral.
Eligibility:
Individuals, partnerships, or corporations who are Alaska residents or headquartered in Alaska and owned by Alaskan residents. Loans are available on the basis of generally accepted banking practices.
Alaska Program Status:
There are approximately 115 accounts active statewide with a value of approximately $12 million.
Program Contact: (Primary Contact listed first.)