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David Sparks Ph.d MoFi
by David Sparks Ph.d, click here for bio

Program: Line on Agriculture
Date: June 19, 2018

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Ever the giver, I found a company that may help if you or your agribusiness need some financing. MoFi (formerly Montana & Idaho Community Devlopment Corporation) is a double bottom line, non-bank lender that provides loans to individuals, businesses, and communities outside the financial mainstream. MoFi believes that access to responsible, flexible capital is a fundamental right, and that when “nearly bankable” people and projects are given access to capital, they thrive. MoFi operates across the Northern Rockies with offices in Boise, Bozeman, and Missoula, and in the last decade has provided nearly $500million in financing to hundreds of borrowers. Learn more at www.mofi.org.

 

For one Idaho family, a recent opportunity to expand their business was too good to pass up. Angela and Marvin Miller, now with the help of their son Aaron, have been running Integrated Biological Systems Inc. in Nampa since the 1980s, bringing fertilizer alternatives and soil enhancement products to farms in Idaho and beyond. IBS recently acquired Texas-based BioPlus Manufacturing, a longtime supplier of IBS’ bio-stimulant products. The expansion gives IBS the foundation to expand its reach across the United States, while continuing to ensure the highest-quality products and provide first-rate customer service. MoFi financed the acquisition.

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