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The Maine Organic Farmers and Gardeners Association is accepting applications for the Spring 2016 funding cycle. Loans are intended to help organic farmers and processors working on establishing a credit history for their businesses. Loans can be applied for from either of the loan funds described below.

Business Loan Fund – This fund will provide loans to small and medium-sized businesses seeking to expand or enhance their farm or processing operations through business planning, marketing, aggregation, or other business enhancement. Loans will be between $2,000 and $10,000 and may be used for business and marketing planning, equipment for non-production purposes, working capital and debt refinancing for non-production purposes.  Loans from this fund must be located in rural areas of Maine, outside of Cumberland County.

Organic Farmer Loan Fund – MOFGA has a second loan fund available to certified organic farmers and farmers interested in making the transition to organic management as well as current participants in, or graduates of, MOFGA’s Journeyperson Program.  Funds in this program may be used for working capital or equipment purchases.  Loans from the Organic Farmer Loan Fund are in the range of $5,000 to $20,000.

Loans from both funds are reviewed by a MOFGA advisory board, which makes the final decision on the loans. Bangor Savings Bank handles the administration of the program, while the loan agreement is guaranteed by MOFGA.

Loans are available to: MOFGA-certified organic farmers; farmers exempt from certification under the NOP rules; farmers transitioning to organic production; and current participants and graduates of MOFGA’s Journeyperson Program.

A complete application will consist of the following:

  • Bangor Savings Bank Business Loan Application
  • Bangor Savings Bank Customer Identification Policy (CIP) Forms (2) and Questionnaire for Business Entity
  • Bangor Savings Bank Personal Financial Statement Form
  • Profit and loss form
  • A projected budget for the upcoming production season of sales and categorized expenses for your business including a breakdown of expenses for the entire project being financed, anticipated additional sources of financing and the total project cost
  • Trade Reference Sheet. If unavailable, please send three letters of reference.
  • Copies of the last two years' federal tax forms.

For complete details, read our loan fund letter and checklist.

Download our current application letter and checklist (pdf, 62k)

Download the application packet (pdf, 545k)

Applications must be postmarked by Friday, April 29, 2016. If you need help completing a loan application, please contact the MOFGA office at (207) 568-4142, or loanfund@mofga.org.


If you are looking for a smaller loan for your farm or food business, the No Small Potatoes Investment Club makes loans of up to $5,000. Go to their website for more information: www.nosmallpotatoesinvestmentclub.com

Special thanks to NOFA-Vermont for pioneering the way!


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