Food firms eligible for loan guarantees

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Federal loan guarantees are possible, with an application deadline of April 1, to support production, processing and distribution of local or regionally produced foods in Nevada.

The Carson City-based state rural development office of the United States Department of Agriculture (USDA) said Tuesday the rural business-cooperative service, which is a branch of USDA rural development, reserves a portion of Business and Industry guaranteed loan funding for such firms.

A locally or regionally produced agricultural food products provision authorizes the loan guarantees in a bid to establish or facilitate enterprises that process, distribute, aggregate, store and/or market local or regionally produced food, according to the USDA Carson City office at 1390 S. Curry St.

To be eligible, applicants must show the food reaches end-use consumers. The contact for information is Herb Shedd in the Carson City office.

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