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Innovation Loans

It is the mission of the Sheep & Goat Innovation Fund to encourage innovation and efficiency in the sheep and goat industries by providing credit to eligible and qualified entities. NLPA has established the following goals for the Sheep & Goat Innovation Fund:

  • Make capital available for enhancing production methods and services.
  • Improve marketing efficiency, product quality, and industry infrastructure.
  • Create opportunities for adding value to sheep and goat products.

The Sheep and Goat Industry is in need of creative ideas that will add value to sheep and goats and the products they provide. National Livestock Producers Association encourages industry members to evaluate the immediate needs in their area, gather support from others who recognize those needs, and work together to find the most effective solutions to local concerns.

Examples of Innovation Loans


Application Process

The key to a smooth application process is to submit a complete application form and all required information.  Specifically, the following items are required:

  • Completed Funding Application and nonrefundable $100 application fee.

  • Copies of applicant's organizational documents (if applicable).
  • Resolution authorizing entity to secure loan (if applicable).
  • Sole Proprietor(s) must include a copy of driver’s license
  • Financial statements to include balance sheets, income statements, cash flows, and federal tax returns for the last three years for existing entities and/or individuals.
  • All applicants must present current personal financial statements, dated and signed, and Federal Tax Returns for the past three years for principal owners of the entity (those who own 20 percent or more of the entity, unless otherwise requested).
  • Projected balance sheets for two years from the day of start-up, incorporating the repayment of requested financing. Existing entities should provide projected balance sheets incorporating proposed financing into the existing balance sheets from the day of funding.
  • Projected income statements and projected cash flow statements for two years.
  • Construction projects must present evidence of facility design, approximate date construction will begin including completion date, full operational date and applicable building permits. Also, include copies of cost estimates for construction.
  • Any other information that would assist the Committee in developing an understanding of the project.
 
Click HERE for information on Flock and Herd Expansion Loans

Click HERE to view and download the Innovation Loan Application


Click HERE to view and download the Sample Financial Statements



Upcoming events

The Sheep and Goat Innovation Fund is a revolving fund established within National Livestock Producers Association to assist the U.S. sheep and goat industries by strengthening and enhancing the production and marketing of sheep and goats and their products in the United States.
Take advantage of professional lending services tailored specifically for the sheep and goat industries. Competitive interest rates and flexibility to structure the financing that works for you will help your project be a success.

The Sheep & Goat Innovation Fund

13570 Meadowgrass Drive, Suite 201

Colorado Springs, CO 80921

Phone: 719-538-8843 Toll Free: 800-237-7193

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