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Beginning farmer loan - FSA
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AGDEAL
Posted 9/26/2016 20:10 (#5550543 - in reply to #5550463)
Subject: RE: Beginning farmer loan - FSA


Illinois
fish9936 - 9/26/2016 19:37

I will chime in on the FSA loan. I bought some ground and went with there loan. They will only loan you 49% of cost and then you go to regular bank for rest. They want to know a LOT MORE INFORMATION than the normal bank. If you have a good bank that you normally use they may do most of leg work for you. And then they come out once a year to check things out. Getting paperwork done is the biggest part.

***he is right
Its like a prostate exam of your financials. Be prepared to show actual living cost for the last 3 years along with every buisiness documents you have. Cheap intrest but it's a royal pain
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