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The AgBMP Loan Program provides low interest loans to farmers, rural landowners, and agriculture <br />supply businesses. The purpose is to encourage Best Management Practices that prevent or reduce <br />water quality problems. <br />� 1 <br />The AgBMP Loan Program: <br />• Provides loans for projects that help reduce water <br />pollution. <br />• Provides loans up to $200,000 with 3% financing <br />for a max of a 10 year term. <br />• Can be used with cost share programs. <br />• Funding possible statewide. <br />0 <br />Borrower <br />Starts Here <br />0 <br />L <br />to <br />C <br />0 <br />Borrower obtains <br />project approval from <br />local county contact. <br />Borrower obtains credit <br />appravaI from lender. <br />Borrower provides the <br />Borrower romplate the project <br />completed application, <br />or purchase, and obtains bills <br />along with the project or <br />or equipment purchase order, <br />purchase bills or equipment <br />purchase order. <br />Borrower must complete <br />Landers then write up a <br />an 3 steps In any order <br />conventional loan to the <br />before moving on. <br />borrower and distribute <br />the funding. <br />Who Can Get a Loan? <br />• Farmers <br />• Rural Landowners <br />• Ag Supply Businesses <br />What Do We Fund? <br />• Manure Storage area's <br />• Feedlot improvements <br />• Manure loading and Application <br />equipment <br />• Planting and Tillage equipment <br />• Erosion Control Practices <br />• Variable Rate Technology's <br />• New or upgrading Septic <br />Systems <br />• Buffers <br />• Any other practice that improves <br />water quality! <br />Please visit our website: <br />www.mda.state.mn.us/agbmploans <br />