Rural Development Ag Loan Participation

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 Use of Funds Terms 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. Use of Funds Facility, equipment in facility and land needed for the project. Terms 3.5% fixed (2.5% fixed for small/beginning farmers); Up to 10 year term based on collateral How It Works 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. Use of Funds Use of Funds Facility, equipment in facility and land needed for the project. Terms Terms 3.5% fixed (2.5% fixed for small/beginning farmers); Up to 10 year term based on collateral document.addEventListener('DOMContentLoaded',