2015 Ag-LINK Program Opens for Ohio Farmers
OhioMBE – Feb. 1, 2015
COLUMBUS – Ohio Treasurer Josh Mandel recently announced that the application period for Ohio’s farmers and agribusinesses to participate in the Ohio Treasury’s 2015 Agricultural Linked Deposit Program (Ag-LINK) is now open. Celebrating its 30th year of assisting Ohio’s agribusinesses, Ag-LINK applications will be accepted online at www.OhioTreasurer.gov/agLINK until Monday, March 16th.
“Agriculture is at the heart of Ohio’s strength and farmers work hard to provide the food found on our families’ kitchen tables,” said Treasurer Mandel. “Their work helps make Ohio strong.”
Through Ag-LINK, now in its 30th year of existence, Ohio’s agribusinesses can apply for an interest rate reduction on new or existing loans or lines of credit up to $150,000. Applications are accepted on an annual basis, this year from January 15th through March 16th. Lenders must complete and submit applications online on behalf of their borrowers atwww.ohiotreasurer.gov/AgLINK. When an application is accepted, the Ohio Treasurer’s office places an investment with the financial institution for one year. In turn, the lender lowers the interest rate on the agribusiness’s loan according to the rate reduction established annually by the Treasurer’s office
Detailed information on the program and eligibility requirements can be found by visiting the State Treasurer’s website at www.OhioTreasurer.gov/AgLINKor by calling the State Treasurer’s Economic Development Department at 1-800-228-1102
