Low-Interest Loans for Indiana’s Independent Meat & Poultry Processors
The Indiana Meat Packers and Processors Association (IMPPA) administers the Meat and Poultry Intermediary Lending Program (MPILP) — a $15 million revolving loan fund supporting small and very small meat and poultry processors across Indiana. Funding is made possible through a grant from the USDA.
The program provides affordable financing for expansion, modernization, and compliance projects that strengthen Indiana’s local and regional food supply chains.
Program Overview
| Feature | Details |
| Loan Amounts | $100,000 – $5 million |
| Interest Rates | 3.75% (general projects) 2.75% (wastewater infrastructure) |
| Loan Term | Up to 15 years |
| Funding Source | USDA Rural Development |
| Administrator | Indiana Meat Packers and Processors Association (IMPPA) |
| Oversight | Indiana MPILP Independent Review Board |
| Local Bank Participation | Strongly encouraged |
Who Can Apply
The MPILP is open to Indiana-based small and very small meat and poultry processors operating independently of large corporate packers (Cargill, Tyson Foods, JBS, and National Beef Packing).
If you are a local processor looking to expand capacity, improve efficiency, or enhance compliance — this program is designed for you.
Eligible Projects
- Loan funds can be used for a wide range of improvements, including:
- Purchasing or upgrading processing equipment and technology
- Constructing or acquiring new facilities
- Expanding packaging, labeling, or cold storage capabilities
- Making compliance or food safety improvements
- Investing in wastewater or pollution control infrastructure
- Covering start-up costs or working capital needs
Why Apply?
- Low, fixed interest rates designed for small processors
- Flexible terms up to 15 years
- Revolving loan fund – repayments reinvested to support future applicants
- Direct access to funding administered by an Indiana-based industry association
This program helps processors reduce bottlenecks, improve operations, and strengthen Indiana’s food supply chain for the long term.
How to Apply
- Review Eligibility: Ensure your business meets the criteria for participation.
- Prepare Documentation: Gather financials, project details, and cost estimates.
- Submit Inquiry: Email your interest or application questions to mpilp@imppa.org. IMPPA staff will guide you through the next steps and connect you with lending partners as needed.
- Begin the Application Process: {Click here} (Note, you will have to create a free account to access our secure application form)
Questions?
For additional information, eligibility guidance, or application support, contact:
mpilp@imppa.org
