Rural Development Ag Loan Participation
The Loan Participation Program is intended to supplement, not replace, existing credit. Loans are administered and serviced through local lenders. Eligible participation loan costs include land needed for the project, buildings and improvements, and machinery and 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.
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.