Indiana meat association receives one-year extension for USDA-funded loan program
Extension comes after the transfer of program administration from the Indiana State Department of Agriculture to the Indiana Meat Packers and Processors Association.
The Indiana Meat Packers and Processors Association (IMPPA) is announcing a one-year extension of the Meat and Poultry Intermediary Lending Program (MPILP), the USDA-funded revolving loan program designed to support Indiana’s local meat and poultry processors.
The extension was granted following the successful transfer of program administration from the Indiana State Department of Agriculture (ISDA) to IMPPA. This additional year will allow IMPPA to continue building on the program’s momentum and expand access to funding opportunities for processors across the state.
Since assuming management of the program, IMPPA has successfully closed multiple loans with Indiana processors, helping businesses invest in equipment, facility improvements and operational expansion. These investments continue to strengthen local processing capacity and improve supply chain resilience throughout Indiana.
Funding is still available, and IMPPA encourages eligible meat and poultry processors to explore the opportunities provided through the program.
The MPILP is a $15 million revolving loan fund originally funded through the US Department of Agriculture (USDA). The program was established to increase access to affordable capital for small and very small meat and poultry processors, with the goal of strengthening regional food systems and supporting long-term industry growth.
“We are excited to continue this important work and provide additional support to Indiana processors,” said Jennifer Hardin, IMPPA executive director. “The extension ensures that more businesses will have the opportunity to access low-interest financing and make critical investments in their operations.”
Loan funds may be used for projects including processing expansion, equipment upgrades, infrastructure improvements and other operational needs to enhance processing capacity and efficiency.
Processors interested in learning more about eligibility and available funding opportunities are encouraged to contact IMPPA directly.
Program highlights:
- Funding source: USDA Rural Development
- Program administration: Indiana Meat Packers and Processors Association (IMPPA)
- Loan pool: $15 million revolving loan fund
- Loan term: Up to 15 years
- Eligible uses: Equipment, expansion, infrastructure, wastewater and operational improvements
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