ARKANSAS

Gene Eagle
Arkansas Development Finance Authority
P.O. Box 8023
Little Rock, AR 72203
(501) 682-5900
FAX (501) 682-5939
geagle@adfa.state.ar.us
Organization Began: 1985

Beginning Farmer Loan Program
1989
Chuck Cathey ccathey@adfa.state.ar.us
Beginning farmers
Uses individual small-issue private activity bonds for beginning farmer projects.

Capital Access Program
1993
J. Helen Pauke hpauke@adfa.state.ar.us
Small businesses
This program is based on a unique portfolio insurance concept. For each participating bank, a special reserve fund is established to cover future losses from a portfolio of loans which the bank makes under the program. The actual level of payments to be made into the reserve at the time of making any loan is determined by the bank, within certain parameters. At a minimum, the borrower pays an amount equal to 1.5 percent with a maximum of 3.5 percent. The bank matches this, and then ADFA matches the total contributed by both the borrower and the bank.

ADFA Bond Guaranty Program
1985
Chuck Cathey ccathey@adfa.state.ar.us
Industrial/agricultural value-added processors, storage and distribution facilities and equipment
Uses a state-backed guarantee of small issue private activity bonds and taxable bonds to restore, revitalize, promote and develop the state’s agricultural and industrial businesses.

Export Finance Program
1989
Chuck Cathey ccathey@adfa.state.ar.us
Small service companies, manufacturers and agribusiness
Provides working capital using export credit insurance and guarantees through the Export Import Bank of America and the SBA to cover unsecured sales to foreign buyers.

Farm Mediation
1989
Rick Johnston
Farmers and lenders in Arkansas
Manages a federally sponsored Farmer/Creditor Mediation Service to provide a forum for farmers and lenders to resolve loan debt service problems.

Agricultural Cooperative Loan Program
1991
Ted McNulty
Agricultural producer/marketing cooperatives, nonprofit corporations and nonprofit associations
Using a $500,000 revolving loan fund to finance facilities and equipment to stimulate crop diversification and to help limited resource farmers make a living on small acreage by growing high value crops.

Aquaculture Development Program
1991
Ted McNulty
Aquaculture enterprises in Arkansas
Serves as a clearinghouse for information, acts as a coordinator for orderly growth and to position Arkansas as a national leader in the aquaculture industry.

Farm Link
1996
Joyce Hutchinson
Retiring farmers and new farm purchasers.
Offers a statewide list to link potential sellers/lessors with potential buyers.

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