RE: [Alpacasite]

Cathy,

We've done the tap dance with the FSA. We know your pain and frustration
too! However, I'm here to tell you that you can get an FSA loan for Alpacas
using the alpacas as collateral. We received a FSA loan back in 1998. We
received an interest rate of I believe 5.25% for seven years with the first
two years paying interest only and the last five years paying off the
principal. Our last payment was in January. It was a wonderful business
relationship but they will make you jump through a bunch of hoops to get
your foot in the door.

You need to remember that the FSA is like any other bank. You need a well
thought out Business plan with an emphasis on how you're going to be able to
pay back the loan. They'll look at your marketing plan in detail. If you
haven't already done so I'd suggest you contact the SBA and ask for a SCORE
representative to help you with your business plan. This should be a free
service to you.

Have your FSA agent contact Roxanne Boise who's based out of the RI and MA
FSA office. She can talk with him about alpacas but she'll be the first one
to explain it's all about your business plan.

If you like give me a call tomorrow or over the weekend and I'll be happy to
help explain the process and what we did.

Good luck. It's more about perseverance than anything so hang in there. you
CAN get an FSA loan!

Take care,

Ana

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From: Alpacasite@yahoogroups.com [mailto:Alpacasite@yahoogroups.com] On
Behalf Of Cathy Stephenson
Sent: Wednesday, November 30, 2005 3:55 PM
To: Alpacasite@yahoogroups.com
Subject: [Alpacasite]

Here is a new one that I really need some help with. Recently I filed a loan
app. with FSA and today received a denial to my loan because "alpacas are
not considered farm animals" and they do not consider them a farm
enterprise. I know that they are farm animals and need to show this person
who knows notheing about alpacas that they are farm animals not just
exotics. If any one has any thing to show this rep I would appreciate it
including any state where the Farm Service does consider alpacas farm
animals. I have 30 days to put together a package for reconsideration. I
am trying to expand my already owned farm to one that can produce an alpaca
income in just a couple of years instead of one that starts with a few
animals and has to wait to see his/her FARM grow to an endeavor showing an
income. Thanks in advance. Cathy Stephenson
StephenOakes Farms
Chester, SC
You can also email me privately at midnightfire@chestertel.com

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