As a direct lender, Tower Farms offers access to low interest financing on everything you need to get your operation up and running — including Tower Gardens, irrigation components, dosing systems, gravity tanks, and nutrients. And that means you can:
- Dramatically reduce your overhead with coverage of up to 75% of startup costs
- Get financed sooner with 24–48 hour credit approvals
- Pick a plan that fits your farm with loans ranging from $5,000 to $250,000
- Pay at your own pace with 12–36 month terms
Why? Because we’re on a mission to lower the barrier to entry for urban agriculture and, as a result, make real food available to all.
See how Tower Farms financing stacks up against the alternative options:
| Loan Type | Government Loan |
Guaranteed Bank Loan |
Traditional Bank Loan |
Tower Farms Loan |
|---|---|---|---|---|
| Interest Rate | 2% - 4% | 5% - 10% | 6% - 13% | 6% - 7% |
| Down Payment | N/A | 10% | varies widely | 25% |
| Approval Time | 8 weeks | 1 - 7 days | 1 - 8 weeks | 1 - 2 days |
| Term Length | 1 - 7 years | 7 - 20 years | 5 - 30 years | 1 - 3 years |
| Credit Score | N/A | 680+ | 600+ | Flexible |
Disclaimer: Third-party financing details are approximate and subject to change.
Sources:
www.fsa.usda.gov
www.sba.gov
fitsmallbusiness.com
www.smartbizloans.com
www.valuepenguin.com