Options Help More Beginning, Small and Urban Producers Gain Access to Credit
The U.S. Department of Agriculture (USDA) announced the availability of a streamlined version of USDA guaranteed loans, which are tailored for smaller scale farms and urban producers. The program, called EZ Guarantee Loans, uses a simplified application process to help beginning, small, underserved and family farmers and ranchers apply for loans of up to $100,000 from USDA-approved lenders to purchase farmland or finance agricultural operations.
A new category of lenders will join traditional lenders, such as banks and credit unions, in offering USDA EZ Guarantee Loans. Microlenders, which include Community Development Financial Institutions and Rural Rehabilitation Corporations, will be able to offer their customers up to $50,000 of EZ Guaranteed Loans, helping to reach urban areas and underserved producers. Banks, credit unions and other traditional USDA-approved lenders, can offer customers up to $100,000 to help with agricultural operation costs.
EZ Guarantee Loans offer low interest rates and terms up to seven years for financing operating expenses and 40 years for financing the purchase of farm real estate. USDA-approved lenders can issue these loans with the Farm Service Agency (FSA) guaranteeing the loan up to 95 percent.
More information about the available types of FSA farm loans can be found at www.fsa.usda.gov/farmloans or by contacting your local FSA office.
Persons with disabilities who require accommodations to attend or participate in this meeting should contact Adrian B Deitz at 785-742-3161 extension 2 or Federal Relay Service at 1-800-877-8339.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).
MOST VIEWED STORIES
Horton man arrested following weekend shooting
Morrill pair arrested on drug, child endangerment charges
Holton man killed in Jackson Co crash
Falls City man sentenced to Federal Prison
Jackson Co traffic stop leads to arrest
Ground Broken for new Sac and Fox Trad'n Post
One held for past Atchison shooting
Inmate dies at Lansing Correctional Facility
Early Thursday storms leave damage, outages, locally
Mound City Mayor Duane Nauman remembered
Community Healthcare System hires new CEO
Brown Co Planning Commission established
90 mph+ downburst winds blamed for Thursday damage
Valley Falls' future set for Wednesday eve discussion
KS' LaTurner will not seek another term
PBPN breaks ground for new business
Richardson County Board agrees to mediation
LATEST STORIES
Holton man killed in Jackson Co crash
90 mph+ downburst winds blamed for Thursday damage
Morrill pair arrested on drug, child endangerment charges
Rates to increase at Brown Co landfill
NOAA weather radio event set in Seneca
Falls City man sentenced to Federal Prison