Bottom Creek Farm is planning infrastructure upgrades, including new fencing, tools, and equipment to increase efficiency for farm operations.
Funded on 04/01/2021
Bottom Creek Farm is located in Bent Mountain, VA. They raise a wide assortment of vegetables, fruits, and microgreens that are sold directly to local retailers and restaurants. While not "certified organic", they utilize sustainable growing methods at all times and strive to leave the soil, land, and local watershed in better shape than they found it.
Bottom Creek Farm is seeking a business loan from Steward to fund critically important infrastructure upgrades, such as fencing to protect crops from pest and rodents. They will also use funds to acquire new tools and procure supplies for more efficient farming practices. Bottom Creek Farm aims to meet the increased demand they saw in 2020 by increasing their direct to market sales, while diversifying offerings and revenue streams.
Bottom Creek Farm takes regenerative farming and sustainable practices seriously. They believe that in order to be successful, they must grow top-quality produce, while improving the health of their local environment. To accomplish this, Bottom Creek adopts a number of regenerative farming practices:
Bottom Creek Farm will continue to develop their farm in such a manner that promotes site diversity, soil health, permaculture practices, and water quality. These are their core values.
We are so excited to get started on building the fence to protect our crops, purchasing tools that will streamline our efforts, and pouring the concrete slab for our wash-pack shed. With the Spring season officially here, this infusion of capital comes at the perfect time for us to really grow and serve more customers this 2021 season! Thank you so much to everyone that helped make this a possibility.
Fencing - $5000: Putting up fencing around sections of Bottom Creek Farm will decrease crop-loss due to deer
Wash & Pack Concrete - $6000: Gravel, wire, concrete, and labor for a new wash & pack
Heating for Greenhouse - $3500: Using propane to heat the greenhouse will enable season extension
Irrigation - $500: Drip tape, fertigation equipment, overhead sprinklers, and frost-free hydrant for updating the irrigation system
Marketing - $1500: Cost for building a new website and advertising in a local paper
Total Budget - $16,500
This loan will be made to Bottom Creek Farms LLC, a Virginia limited liability company that provides the local community with organic produce.
This loan is for farm infrastructure upgrades including new fencing, tools, and equipment, to improve efficiency for 2021 and beyond.
The total loan amount is $16,500 which will assist Bottom Creek Farms in growing and expanding their business.
This loan is set at an 8% interest rate, with a 60-month term, and fully amortized monthly payments beginning in 3 months after funds are disbursed.
Join a growing community of sustainably-minded lenders reaping the rewards from responsible farming