Lending Options Designed to Support Your Farm & Agricultural Needs
Access to capital is a key part of starting and growing a successful farm or agricultural business. As a preferred provider for the Farm Services Agency, we offer many loan programs through the FSA guaranteed loan programs and the Farmer Mac loan programs. We offer flexible loan options and specialized programs designed to support long-term success.
FSA Guarantee Program
Provides Citizens National Bank a guarantee of up to 95 percent of the loss of principal and interest on a loan. Terms available from 90 days up to 30 years for a fixed rate option. Rates are typically lower with this program than traditional loans.
Qualifications:
- Must be the owner or the tenant operator of the farm.
- Used for both Farm Ownership and Operating purposes.
- Good options for beginning farmers offering the opportunity for lower down payments. To qualify, the beginning farmer must:
- have not operated a farm or ranch for more than 10 years
- meet the loan eligibility requirements of the program to which he/she is applying
- substantially participate in the operation
- for FO loan purposes, not own a farm greater than 30 percent of the median size farm in the county
Note:
- All applicants for direct FO loans must have participated in the business operation of a farm for at least 3 years.
- If the applicant is an entity, all members must be related by blood or marriage, and all stockholders in a corporation must eligible beginning farmers.
- In order to apply, applicants must supply 3 years of tax returns and financial statements.
- Notification of approval is usually received within 2 weeks.
- Check out the available loan programs.
Looking for a good place to start?
Here, we’ve gathered information on different Organizations in your community, Programs, Courses, etc., that will help you begin your journey as an established or aspiring farmer.
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While we trust you’ll find value in this content, it’s important to view it as a starting point. For personalized guidance tailored to your unique circumstances, we strongly advise consulting with a qualified professional who holds the necessary licenses. This article, along with any associated resources, should not be interpreted as legal or financial advice. While efforts were made to ensure accuracy at the time of preparation, we cannot guarantee its current relevance.
Citizens National Bank does not warrant or represent the accuracy, applicability, completeness, or suitability of the information provided. Citizens National Bank explicitly disclaim any responsibility for the use or misuse of these materials. By accessing this site, you agree to absolve Citizens National Bank from any associated liabilities. Exercise caution and seek professional advice before making any financial or legal decisions based on the information provided here.
Calculator Disclaimer
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.