The Alabama Agricultural Development Authority is opening applications for a second round under the Alabama Meat Processing Program. This program is a result of a $15 million award from the U.S. Department of Agriculture through the Meat and Poultry Intermediary Lending Program (MPILP) to the AADA.
The low-interest loans are intended to support meat and poultry slaughter and processing businesses in Alabama. Loans can be used to purchase or construct new facilities, expand existing facilities, purchase new equipment, cover start-up costs and hire additional employees.