Vermont-based High Mowing Organic Seeds gets funding from Whole Foods Market’s® Local Producer Loan Program
National grocer’s low-interest loan program helps budding businesses expand
Cambridge, MA (November 6, 2014)
– High Mowing Organic Seeds is the latest recipient of a low-interest loan from Whole Foods Market’s Local Producer Loan Program. Based in Wolcott, Vermont, High Mowing Organic Seeds is an independently-owned, farm-based seed company dedicated to supporting sustainable agriculture and providing farmers and gardeners with the highest quality Non-GMO Project Verified, certified organic seeds. Their line of sprouting seeds can currently be found in all regions of Whole Foods Market.
The $75,000 low-interest loan from Whole Foods Market will be used to purchase new wet seed extracting and drying machines as well as building a new greenhouse. These investments will allow High Mowing Seeds to increase on-farm production, necessary to keep up with an increased demand for the seeds.
“We are really excited to deepen our partnership with Whole Foods Market with the LPLP loan. With this loan Whole Foods has enabled us to increase our production of organic seeds, which in turn advances the availability of organic seeds for farmers and gardeners nationwide,” said Tom Stearns, Founder of High Mowing Organic Seeds. “We’ll be able to increase our output and ultimately grow both awareness of our product and our business itself. “
“One of Whole Foods Market’s core values is creating ongoing win-win partnerships with our suppliers,” said Kimberley Rose, Vice President of Purchasing for Whole Foods Market’s North Atlantic region. “We are happy to be able to provide this loan to High Mowing Organic Seeds to help enable them to advance the important work they are doing with organic, non-GMO seeds. They have an outstanding product that our customers really love.”
Whole Foods Market, the world’s leading natural and organic foods supermarket, has pledged to grant up to $25 million in low-interest loans to small, local producers. To date, the program has funded some $14.5 million for more than 200 vendors’ capital expenditures.
To apply for a loan through Whole Foods Market’s Local Producer Loan Program, producers must meet Whole Foods Market’s strict Quality Standards, use the funds for expansion and have a viable business plan. Loans range from $1,000 to $100,000 and have fixed, low interest rates. To view online video testimonials and to learn more about the Local Producer Loan Program, visit wholefoodsmarket.com/loans.
About Whole Foods Market®
Founded in 1980 in Austin, Texas, Whole Foods Market (wholefoodsmarket.com
, NASDAQ: WFM), is the leading natural and organic food retailer. As America’s first national certified organic grocer, Whole Foods Market was named “America’s Healthiest Grocery Store” by Health magazine. The company's motto, “Whole Foods, Whole People, Whole Planet”™ captures its mission to ensure customer satisfaction and health, Team Member excellence and happiness, enhanced shareholder value, community support and environmental improvement. Thanks to the company’s more than 78,000 Team Members, Whole Foods Market has been ranked as one of the “100 Best Companies to Work For” in America by FORTUNE magazine for 17 consecutive years. In fiscal year 2013, the company had sales of $12.9 billion and currently has more than 400 stores in the United States, Canada and the United Kingdom.
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High Mowing Organic Seeds Contact:
Carrie Baker Stahler