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Rural Development Ag Loan Participation

The Loan Participation Program is intended to supplement existing credit, not supplant it. Thus, loans will be administered and serviced through local lenders. Participation loans are eligible costs; including land needed for the project; buildings and improvements; and machinery/equipment.

How It Works

The program participates with banks and borrowers to assist financing capital expenses associated with value-added production, or processing projects. The program can lend up to 80% of the total loan up to $500,000.

Use of Funds

Facility, equipment in facility and land needed for the project

Terms

4.5% fixed (3.5% fixed for small/beginning farmers); Up to 10 year term based on collateral

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