Please Note: The corporate farm renewals were mailed out last week, and they inadvertently added a $5.00 surcharge
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Budget Template20.77 KB
No. Only certified community development finance institutions are eligible to apply.
Are farmers eligible to apply for this grant?
No. Only certified community development finance institutions are eligible to apply.
A CDFI is a community development financial institution, which is a bank, credit union, microloan fund, or venture capital provider who completed a certification process with the U.S. Department of the Treasury's CDFI Fund. Learn more about CDFIs and how they are certified.
You can browse this list of CDFIs based in Minnesota to learn more about these institutions.
What is a CDFI?
A CDFI is a community development financial institution, which is a bank, credit union, microloan fund, or venture capital provider who completed a certification process with the U.S. Department of the Treasury's CDFI Fund. Learn more about CDFIs and how they are certified.
You can browse this list of CDFIs based in Minnesota to learn more about these institutions.
CDFIs offer financial services such as loan products and business support.
CDFIs may offer favorable financing terms to farmers because they are mission-based lenders who have a defined target population which they serve. For example, the U.S. Treasury's eligible target populations for CDFIs include low income communities or historically underserved audiences such as African American, Hispanic, Native American, Persons with Disabilities and other groups.
To check if there is a CDFI which might provide services to farmers in your community, browse this list of CDFIs based in Minnesota.
