Fund Offers Low-Interest Loans to Carolina Farmers for Hurricane Recovery
The Natural Capital Investment Fund has launched the RESEED Recovery Fund, a $250,000 program that will provide low-interest, easily accessible loans to North Carolina and South Carolina farmers and value-added producers who sustained damages from Hurricanes Florence or Michael. Loans will range from $2,500 to $10,000 and will be offered at 1% interest with a maximum term of one year. NCIFund is partnering with Carolina Farm Stewardship Association (CFSA), Rural Advancement Foundation International (RAFI-USA), and a range of public, non-profit, and private-sector entities to reach farmers across the Carolinas. Details about eligibility and the application for RESEED loans are available online.