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80 Acres Farms
Blue Ridge Bank Government-Guaranteed Lending staff originated and underwrote this $75,000,000 loan combination, guaranteed by the USDA Business and Industry, USDA Rural Energy For America, and USDA Food Supply Chain guaranteed loan programs, to Trellis Loop Florence, LLC (80 Acres Farms). The project involves purchasing and renovating an existing building into a state-of-the-art, hydroponic, vertical farming operation. Loan proceeds will equip the building with the necessary machinery and equipment to create a 100% climate-controlled environment for producing, harvesting, packaging, and distributing leafy greens, microgreens, berries, and tomatoes.