Agricultural Loan Programs

Rabobank Farm Loan Program with a FSA Loan Guarantee

Loan Purpose

  • Annual operating budget
  • Equipment acquisition
  • Plant improvement
  • Refinance debt
  • Development loans
  • Qualification

    • Business must be located within these service area: Fresno, Inyo, Kern, Kings, Mariposa, Merced, Mono, Stanislaus, Tulare, Riverside, San Bernardino, Inland Empire Region, Tuolumne Counties, and parts of Northern California
    • Maximum Limit

      • Up to $1,000,000
      • Rates and Terms

        • Variable
        • 9.0%
        • Maximum term of 10 years, subject to the project. Balloon payment are acceptable
        • Collateral

          • Crops and crop receivables
          • Machinery and equipment
          • Real property
          • Farm Service Agency (FSA) 90% loan guarantee, in most cases
          • Loan Fees

            • 2 ½% – 3 ½% fee
            • $350 documentation fee
            • All “Out-of-pocket” expenses
Direct Agricultural Loan Program with a FSA Loan Guarantee

Loan Purpose

  • Annual operating budgets
  • Equipment acquisition
  • Plant improvement
  • Refinance debt
  • Purchase real estate
  • Development loans

Qualification

  • Business must be located within VSBDC’s service area: Fresno, Inyo, Kern, Kings, Madera, Mariposa, Merced, Mono, Stanislaus, Tulare, Riverside, San Bernardino, Inland Empire Region, Tuolumne Counties, and parts of Northern California

Maximum Limit

  • Up to $1,399,000

Rates and Terms

  • Variable
  • 9.0%
  • Maximum term of 25 year amortization; 15 year balloon (first trust deed position)

Collateral

  • Crops and crop receivables
  • Machinery and equipment
  • Real property
  • Farm Service Agency (FSA) 90% loan guarantee

Loan Fees

  • 2 ½% – 3 ½% fee
  • $350 documentation fee
  • All “Out-of-pocket” expenses