8 Colo. Code Regs. § 1204-11, pt. 4

Current through Register Vol. 47, No. 18, September 25, 2024

Part 4 - [Effective 8/30/2024] Financial Entity Application Requirements

4.1. Eligible Farmers or Ranchers and Eligible Businesses may apply to the Financial Entity for a loan from the Department's Loan Program at any time during the year, after completion of the Loan Eligibility and Prioritization application.

4.2. The format and location of loan applications will be determined by the Financial Entity, provided such applications are reasonably accessible to applicants. Information on how to access the applications may be obtained by visiting the Department's website: www.ag.colorado.gov.

4.3. Each loan application must include all required information at the time of submission for consideration, including any required documentation. The Financial Entity will not consider incomplete applications.

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

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

4.4.2. Financial documentation to support that the applicant earns or will earn a majority of its revenue from Agricultural Processing;

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

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

4.4.5. Any other information the Financial Entity determines is necessary to review, evaluate, and process the application.

4.5. 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:

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

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

4.5.3. Information indicating that the applicant is or will be an owner or operator of a farm or ranch;

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

4.5.5. 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

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

8 CCR 1204-11, pt. 4

47 CR 15, August 10, 2024, effective 8/30/2024