Carrot Cash
WHAT IS CARROT CASH?
Carrot Cash is the first program under the Seed Money initiative — providing no-interest micro-loans to help community members access the capital they need to grow.
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All Carrot Cash loans are issued and managed through Cache Valley Bank via a Red Acre Center CD, keeping the process transparent, secure, and straightforward for recipients.
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Loans of up to $5,000 with no interest — meaning you pay back exactly what you borrow. To maintain the no-interest benefit, recipients simply submit yearly for interest reimbursement by requesting the appropriate documents from the bank and submitting them to Red Acre Center.
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Flexible Repayment -Choose the payment schedule that works best for your situation — monthly or quarterly payments are available.
TWO WAYS TO PARTICIPATE
Become A Donor
Carrot Cash is only possible because of the generosity of our community. The funds used to back these loans comes directly from donations. Every contribution helps us put more money in the hands of people who need it. Your donation fuels the next loan, the next opportunity, and the next success story in our community.
FREQUENTLY ASKED QUESTIONS
How long will it take to hear if my application was accepted? One the application window closes, recipients will be notified within 4 weeks.
How is my application reviewed? We have a Seed Money Advisory Committee that will review each application. Loan recommendations will be prioritized based on: -Greatest impact on our local food economy -Thoroughness of application received -Applicants that would otherwise have a difficult time finding funding.
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