Contact your local office for more details. Loan applicant completes application. FSA and loan applicant meet to review and discuss application. FSA reviews for repayment ability, security, and compliance with other regulations. FSA approves and obligates the loan.
Loan is closed, and the loan applicant receives the funds.
FSA reviews loan for eligibility, repayment ability, security, and compliance with other regulations. FSA approves and obligates loan. Lender receives conditional commitment indicating funds have been set aside, and loan may be closed. Lender closes loan, and farmer receives funds. FSA issues guarantee.