The FSA Beginning Farmer Loan program was created to help beginning farmers gain money for operating expenses, living expenses, and the purchase of livestock and equipment. Beginning Farmer Loans have lower interest rates compared to the cost of traditional borrowing. Contact one of our loan officers for more details.

FSA guaranteed Farm Ownership(FO) and Operating Loan(OL) programs.

Farm Ownership(FO) loans may be used to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt.

Operating Loans(OL) may be used to purchase items needed for a successful farm operation. These items include: livestock, farm equipment, feed, seed, fuel, farm chemicals, repairs, insurance, and other operating expenses. Contact one of our loan officers for more details on how a guaranteed loan can help you.

Part-time Farm Lending Program: A customer qualifies for this loan program if they have established agricultural production property of at least 5 acres or annual gross income of at least $5,000 from the sale of agricultural products. Products such as: field crops, permanent crops, timber to include Christmas trees, nursery or greenhouse stock, livestock, stud and/or breeding fees, aquatic products and income from rental/lease of land or buildings. Program features:

• Up to 85% Loan-to-Value
• No minimum loan size and a 2.3 million maximum
• No acreage limitations
• One time closings

For more details on how a Farmer Mac loan can help you, contact one of our loan officers.

7(a) Loan Program: This is the SBA's primary business loan program. It generally is used for business start-ups and to meet the varied short- and long-term needs of existing small businesses. Under 7(a) the agency guarantees loans to small businesses that cannot obtain financing on reasonable terms through other channels. A 7(a) loan may be used for most business purposes including start-up, expansion, equipment purchases, working capital, inventory or real estate acquisitions. Loan cannot be used for speculative purposes.

Low Documentation Loan (SBALowDoc): If you are looking for a small business loan of $150,000 or less, SBALowDoc may be your answer. It features a one-page SBA application, which cuts the paperwork burden for both you and your lender. Once your application has satisfied the lender's requirements, you and the lender together complete the SBA's one-page guaranty application. If the loan is approved, the SBA will guarantee 75 to 80 percent of the amount and provide a 36-hour turnaround to the lender.

504 Loan: The 504 Program provides long-term, fixed-asset financing through certified development companies. These nonprofit corporations are sponsored by private-sector organizations or by state and local governments to contribute to economic development through CDCs and private-sector lenders. The SBA guarantee debentures covering as much as 40 percent of a 504 project. The maximum SBA debenture generally is $750,000 (up to $1million in some cases).
For more details on a Small Business Association loan, contact one of our loan officers. They will be glad to assist you!