FSA
makes direct and guaranteed farm ownership (FO) and
operating loans (OL) to family-size farmers and ranchers who
cannot obtain commercial credit from a bank, Farm Credit
System institution, or other lender. FSA loans can be used to purchase land, livestock,
equipment, feed, seed, and supplies. Our loans can
also be used to construct buildings or make farm
improvements. See our
loan information chart which describes maximum loan
amounts, rates, term, and use of proceeds.
Many FSA loan application forms are available on our website!
We
also encourage you to contact your
local office or USDA Service Center
to learn more about our programs and the information
you will need for a complete application.
Our Customers: FSA
loans are often provided to beginning farmers who cannot
qualify for conventional loans because they have
insufficient financial resources. FSA also helps established farmers who have suffered
financial setbacks from natural disasters, or whose
resources are too limited to maintain profitable farming
operations.
Guaranteed Loans: FSA guaranteed loans provide conventional
agricultural lenders with up to a 95 percent guarantee of the principal
loan amount. The lender is responsible for servicing
a borrower's account for the life of the loan. All
loans must meet certain qualifying criteria to be eligible
for guarantees, and FSA has the right and responsibility
to monitor the lender's servicing activities. Farmers
interested in these loans must apply to a conventional
lender, which then arranges for the FSA guarantee.
Direct
Loans:
FSA makes and services direct FO and OL loans. We provide
our direct loan customers credit counseling and loan
supervision so they have a better chance of success in
their farming operation. FSA receives limited
funding for direct loans,
and applicants sometimes have to wait for funds to become
available. To qualify for a direct loan, the applicant must be able to show sufficient
repayment ability and pledge enough collateral to fully
secure the loan.
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The
U.S. Department of Agriculture (USDA) prohibits discrimination
in all its programs and activities on the basis of race,
color, national origin, gender, religion, age, disability,
political beliefs, sexual orientation, and marital or
family status. (Not all prohibited bases apply to all
programs.) Persons with disabilities who require alternative
means for communication of program information (braille,
large print, audiotape, etc.) should contact USDAs
TARGET Center at 202-720-2600 (voice and TDD).
To file a complaint of discrimination, write USDA, Director,
Office of Civil Rights, Room 326-W, Whitten Building,
14th and Independence Avenue, SW, Washington, D.C.,
20250-9410, or call (202) 720-5964 (voice or TDD).
USDA is an equal opportunity provider and employer.
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