What is the expected funding timeframe?

While we do our best to keep you updated during your application process, funding times can vary between different farming projects. This is because the length of time it takes for a site visit, as well as other variables such as due diligence.

Generally speaking, we aim to complete the funding process in 3 - 6 months. The below information details the typical stages of the process.

Timeline

  1. Project Review
    Our review team receive your farm plan and assess if it is suitable for Steward funding. You will be notified if your project has been approved to proceed, rejected or if more information is needed.
    The initial project review will take approximately 5 - 10 business days
  2. Phone Interview
    Set up a time to speak by phone with one of our regional Farm Stewards to better understand your project.
    Scheduling a phone interview will take approximately 5 - 10 business days, depending on availability of the Farmer and Steward
  3. Site visit
    Arrange a time for your regional Farm Steward to meet in person and complete an on-site visit to your farm.
  4. Due Diligence
    After a successful site visit, Steward will evaluate the land, market, practices and business plan as part of our due diligence process.
  5. Funding
    Steward's legal team prepares a term sheet outlining details of the financing to be agreed upon by both parties. Loan documents are processed and funding is released to the farmer.
    Time to close a loan will depend on the loan type: Approximately 30 business days for an unsecured loan, 120 business days for a mortgage loan


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