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Program Description
Farm Storage Facility Loans are provided to encourage the construction of on-farm grain storage capacity and to help farmers adapt to identity preserved storage and handling requirements for genetically enhanced production. General Program Requirements
In order to qualify for this benefit program, you cannot be delinquent on any Federal nontax debt and you must be (or soon to become) the owner or tenant operator of a farm that produces eligible farm commodities and demonstrate a need for additional storage. In addition, you must have a satisfactory credit history and demonstrate the ability to repay the debt resulting from this loan. Loan Terms
Variable Interest Rate with no Upfront Fees. Maximum Loan Length is 7 years with Maximum Loan Amount of $100,000. There are no Pre-payment Penalties. Annual Payment Frequency. Application Process
For more information, see the Program Contact Information below. Program Contact Information
More information and a downloadable application for Farm Storage Facility Loans are available at: http://www.govloans.gov/ExternalLinkPageFlow/ExternalLinkPageFlowController.jpf?&url=http://www.fsa.usda.gov/FSA/webapp?area=home&subject=prsu&topic=flp-fp
To apply for benefits under this program, visit your nearest USDA Service Center. Find the nearest agency to you at: http://www.govloans.gov/ExternalLinkPageFlow/ExternalLinkPageFlowController.jpf?&url=http://offices.sc.egov.usda.gov/locator/app?state=us&agency=fsa Managing Agency
U.S. Department of Agriculture
http://www.govloans.gov/ExternalLinkPageFlow/ExternalLinkPageFlowController.jpf?&url=http://www.usda.gov/
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