8 CCR 1207-5, pt. 3 - Loan Application Requirements

3.1. Eligible Farmers or Ranchers and Eligible Businesses may apply to the Department for a loan from the Loan Program at any time during the year.

3.2. Loan applications are available at the Department during normal business hours at 305 Interlocken Parkway, Broomfield, Colorado, or may be obtained at any time on-line by visiting the Department's website: www.ag.colorado.gov. Loan applications may also be made available by an authorized Financial Entity.

3.3. Each loan application must include all required information at the time of submission for consideration, including any required documentation. The Department, working in coordination with a Financial Entity, will return incomplete applications prior to any consideration.

3.4. A written application may be submitted in-person to the Department during normal business hours, by mail, or on-line at any time by visiting the Department's website: www.ag.colorado.gov.

3.5. Any Eligible Business that applies for a loan must provide a completed application and the following information, at the time of application:

3.5.1. For a Farm-to-Market Instructure Loan, a description of the type of Agricultural Processing the applicant conducts;

3.5.2. Financial documentation to support that the applicant earns a majority of its revenue from Agricultural Processing;

3.5.3. Documentation to identify the experience, training, and education related to operation of the applicant's business;

3.5.4. A description, with financial documentation if possible, to indicate the economic benefit the applicant's business provides to Colorado farmers or ranchers;

3.5.5. Evidence that the applicant's business is registered and in "good standing" with the Colorado Secretary of State; and

3.5.6. Any other information the Department, in coordination with a Financial Entity, determines is necessary to review, evaluate, and process the application.

3.6. Any Eligible Farmer or Rancher or any Operator of a farm or ranch who applies for a loan from the Loan Program must provide a completed application and the following information, at the time of application:

3.6.1. Proof that the applicant is at least 18 years of age;

3.6.2. Proof that the applicant is a resident of Colorado;

3.6.3. Information indicating that the applicant is an owner or operator in fact of a farm or ranch;

3.6.4. Documentation to identify the experience, training, and education of the applicant to exhibit the applicant's ability to operate the farm or ranch;

3.6.5. Financial or other documentation showing that the applicant possesses or has access to sufficient working capital, farm machinery, livestock, or land to operate the farm or ranch; and

3.6.6. The Department or a Financial Entity may request additional information at any time to supplement or complete any application.

Notes

8 CCR 1207-5, pt. 3

45 CR 01, January 10, 2022, effective 1/30/2022