Direct Agriculture Loan Program With A FSA Loan Guarantee

Loan Purpose

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

Qualification

  • Business must be located within VSBDC’s service local area: Fresno, Kern, Kings, Madera, Mariposa, Merced, Tulare

Maximum Limit

  • Up to $1,799,000

Rates and Terms

  • Variable
  • 7-8%
  • 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 and personal guarantees

Loan Fees

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

Farmer Mac

For more information on Farmer Mac programs, please click here.