Delaware Agricultural Financing Program (DAFP)
The Delaware Agricultural Financing Program funds equipment purchases to boost innovation and efficiency in Delaware’s agriculture, aquaculture, and food processing sectors.
Funder: Delaware Department of Agriculture
Due Dates: Rolling (applications accepted year-round)
Funding Amounts: $25,000–$250,000 per loan; up to 50% of project cost; max 7-year term; fixed interest (3.35% for first-time farmers/aquaculture, 4.25% others)
Summary: Low-interest equipment loans for Delaware farmers, producers, and food processors to support production, processing, and distribution.
Key Information: Applicants must secure private lender commitment for the remaining project cost.
Description
The Delaware Agricultural Financing Program (DAFP) offers low-interest loans to support the acquisition of essential equipment for agricultural operations in Delaware. The program is a partnership between the Delaware Department of Agriculture and the Division of Small Business, aiming to enhance the viability and efficiency of both small and large farming, aquaculture, and food processing businesses. Loans are available for equipment used in production, processing, packaging, aggregation, and distribution, helping to strengthen the state's agricultural sector.
