Congratulations to Abby and Jake, owners of Apple Creek Farm, who have paid off their third BCDI Neighbors Investing In Neighbors loan… and a full twenty-six months early, too!
Apple Creek Farm is a Maine Organic Farmers and Gardeners Association (MOFGA) Certified Organic diversified livestock farm, established in Bowdoinham in 1985 (they are hiring for the 2021 season, so be sure to check them out!). This loan request was for funds that have been used for infrastructure investments and for larger equipment.
https://applecreekfarm.me/
Photo Credit: Brendan Bullock
BCDI’s Loan Program is one of our Organization’s cornerstones. “Neighbors Investing In Neighbors”, aims to meet local needs with local capital. The fund’s investment opportunities have provided well over $100,000 to support businesses in Bowdoinham.
While the Loan Program is coordinated by BCDI, the funds come directly from individual BCDI members who serve as “investors.” Community members who are interested in helping to invest in the growth and development of local businesses in Bowdoinham can provide financial support toward the loan provided to the business. In other words, residents who choose to support the local businesses seeking loan financing will lend their personal money to the business. BCDI’s role is to coordinate and administer the process between the business seeking the loan and the numerous individual investors who help to fund a loan in full.
Our model truly is “neighbors investing in neighbors”!
Need a loan for your business?! Check out our website for more details, or reach out at bcdi.maine@gmail.com