Meat & Poultry Intermediary Lending Program (MPILP)
Lewis & Clark Development GroupStrengthening North Dakota’s Meat Processing Capacity
Consolidation in the U.S. meat industry over the past few years has reduced options for producers and consumers. The COVID-19 pandemic revealed these vulnerabilities and their effects on our nation’s food supply chain.
In response, USDA Rural Development launched the Meat & Poultry Intermediary Lending Program (MPILP). This strategic investment is designed to expand access to capital for new and growing small and medium-sized meat and poultry processors across the country – especially in rural America.
More independent processors give consumers more choice, lower prices, create jobs, and create stronger
local and regional food systems.
A Revolving Loan Fund for North Dakota’s Rural Food System
Thanks to a historic $15 million USDA Rural Development grant through the MPILP, Lewis & Clark Development Group has established a revolving loan fund dedicated to supporting meat and poultry processors across North Dakota.
What can MPILP loans be used for?
The initial funding round must support a meat or poultry processing facility. Eligible expenses include:
- Land purchase and development
- Building and infrastructure acquisition or expansion
- Purchasing equipment and machinery
- Upgrading or modernizing processing facilities
- Working capital
- Startup costs
- Feasibility studies
Once repaid, funds can be reallocated throughout the food chain (between farm and retail).
Ineligible Uses
- Agricultural production, such as seed, livestock, feed, or farming equipment
- Grocery stores, restaurants, or retail operations
- Production of alcohol, tobacco, or dietary supplements
Loan Terms & Conditions
- Fixed interest rate
- Up to a 30-year term for mortgage collateral
- Applicants must operate within North Dakota (verified via legal property description)
LCD Group’s MPILP expert:
Chris Masse
- MPILP Lender
- More than 20 years of experience in personal banking, account resolution, and credit analysis
- Experienced commercial credit processor
- Previously underwrote LCD Group’s loans through the SBA 504 Program, North Dakota Opportunity Fund, and commercial regional loan programs
