Livestock Loan Participation
South Dakota Governor's Office of Economic Development
Summary
Livestock Loan Participation
The Livestock Loan Participation Program is designed to enable farmers and ranchers of limited equity to procure livestock loans at rates and terms which the applicant can reasonably be expected to meet and thereby utilize available feed, facilities, labor, and management skills.
How It Works
Use of Funds
Terms
How It Works
The program participates with banks and borrowers to assist financing 50% of livestock purchases and a maximum loan of $200,000.
Use of Funds
Livestock purchase
Terms
3.5% fixed (2.5% fixed for small/beginning farmers); Up to 7 year term; Participation loan
How It Works
How It Works
The program participates with banks and borrowers to assist financing 50% of livestock purchases and a maximum loan of $200,000.
Use of Funds
Use of Funds
Livestock purchase
Terms
Terms
3.5% fixed (2.5% fixed for small/beginning farmers); Up to 7 year term; Participation loan
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Eligibility
See the official notice for full eligibility requirements.