Can you help us launch Expedition Easthampton?
Invest in our Wild About Growing Local! Co-op owner Loan campaign to help us open the Easthampton store
Can you help us open the Easthampton store?
Opening a store in Easthampton is the next step in the co-op’s journey. It will help us serve our customers better, offer more employment opportunities for our staff, and move us forward in our shared aspirations for a growing local foods movement.
Owner Loan Info and Signing Sessions
We have scheduled some special times for co-op owner loan info and signing sessions. Co-op owners interested in considering a loan are invited to come by the store and find out more about the program. Refreshments will be provided. Drop by during any of
the follow times:
➔ April 18, 3-6pm
➔ April 24, 3-6pm
➔ April 26, 4-6pm
➔ April 27, 9:30am-noon
ABOUT CO-OP OWNER LOANS
Co-op owner loans are a type of “slow money” local investment. Co-op owner loans are as essential now for making the Easthampton store a reality, as they were in 2007 to make the Northampton store a reality. We are seeking economic development program financing that will enable our owner loans to leverage about $4 million in outside funding that will not need to be repaid. This is a way you can earn interest on an investment that makes every dollar of your financial support go even further for the co-op!
Co-op owner loans are only available to River Valley Co-op owners now through May 18, 2019. See offering document for complete info.
• Minimum loan amount is $2,000 (maximum is $250,000)
• Simple interest is paid annually, principal is held until term maturity
• Co-op owner loans are unsecured and subordinate
• Lenders select terms from 7–10 years and interest rates:
- Up to 3.5% on loans below $15,000
- Up to 5% on loans of $15,000 and above
- Up to 6% for loans of $10,000 and above at 10 year terms
TO MAKE A CO-OP OWNER LOAN
If you’re interested in making a co-op owner loan please contact Jade at email@example.com, call (413) 486-0097 or fill out form below for more information.
To learn more about the expansion click here: http://rivervalley.coop/main-nav/news-events/river-valley-co-op-explores-expansion