Loan Purpose

• Annual operating budgets
• Equipment acquisition
• Refinance debt
• Purchase real estate
• Development loans

Qualification

• Business must be located within VSBDC’s service local area: Fresno, Kern, Kings, Madera, Mariposa, Merced, Tulare

Maximum Limit

• Up to $1,799,000

Rates and Terms

• Variable
• 7-8%
• Maximum term of 25 year amortization; 15 year balloon (first trust deed position)

Collateral

• Crops and crop receivables
• Machinery and equipment
• Real property
• Farm Service Agency (FSA) 90% loan guarantee and personal guarantees

Loan Fees

• 2 ½% – 3 ½% fee
• $350 documentation fee
• All “Out-of-pocket” expenses

Farmer Mac

For more information on Farmer Mac programs, please click here.