Natural and organic food retailer, Whole Foods Market, announced that its Local Producer Loan Program has provided producers, including grass-fed cattle ranchers and a heritage turkey grower, with $2.5 million in low-interest loans.
Whole Foods launched the program in 2007 with a commitment to fund up to $10 million in low-interest loans. Since then, nearly 50 loans ranging from $1,000 to $100,000 have been made. Loan recipients must meet Whole Foods' quality standards, use the funds for expansion and have a viable business plan. The company continues to accept applications.
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