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Guaranteed loan

Owned by Dennis Daggett (Deactivated)
2018-02-17
1 min read

Farm Service Agency (FSA) guarantees loans lenders (e.g., banks, Farm Credit System institutions, credit unions) up to 95 percent of any loss of principal and interest on a loan. The guarantee permits lenders to extend agricultural credit to farmers who do not meet the lenders' normal underwriting criteria. FSA guaranteed loans are made for both farm ownership (FO) and operating (OL) purposes. FSA can guarantee OL or FO loans up to $949,000 (amount adjusted annually based on inflation).

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