The University of Arkansas at Pine Bluff (UAPB) Small Farm Program, in cooperation with the East Arkansas Enterprise Community (EAEC), is operating a new program that assists individuals seeking farm loans, individuals who have loans and need help restructuring their debts, and those who need help in rebuilding their credit to get a loan, according to Dr. Henry English, director of UAPB’s Small Farm Program.
“This new program, ‘The Agricultural Finance, Tax Asset Protection (AgFTAP)’ program is designed to help producers who have financial problems develop strategies to address their situation,” Dr. English said. “Staff working with this program can help individuals understand and complete USDA loan applications, including Farm Service Agency (FSA) Loan Servicing Packages, and, if needed, develop farm business plans.”
Individuals who participate in the program will be educated, trained and assisted in developing customized enterprise budgets, break-even analyses, balance sheets, income statements, cash flow statements and income/expenses projects, he said.
For additional information, contact Alexis Cole, program aide with the East Arkansas Enterprise Community, at 870- 630-2005.
