Friday, November 16, 2007

Whole Foods makes loans to local producers

Whole Foods Market Inc. has lent $1 million through its Local Producer Loan Program.

Loan recipients include small-scale food producers and growers from 12 states, four in Colorado.
Loan recipients must meet Whole Foods' quality standards, use the funds for expansion and have a viable business plan. Loan amounts are between $1,000 and $100,000 with low, fixed interest rates currently between 5 percent and 9 percent.

Steve - I have been impressed with their commitment to local food production. We just wish it would get on the "fast track."

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