usda

USDA Now Accepting Applications for Farm Loans Online

Dan Agri-Business, Economy, Funding

usda

The U.S. Department of Agriculture (USDA) has launched an online application for Direct Loan customers. More than 26,000 customers who submit a Direct Loan application each year can now use an online, interactive, guided application that is paperless.

The online application also provides helpful features, including an electronic signature option, the ability to attach supporting documents such as tax returns, complete a balance sheet and build a farm operating plan. This tool is part of a broader effort by USDA’s Farm Service Agency to streamline its processes, improve customer service, and expand credit access.

Through a personalized dashboard, borrowers can track the progress of their loan application. It can be accessed on farmers.gov or by completing FSA’s Loan Assistance Tool at farmers.gov/loan-assistance-tool.

(From the National Association of Farm Broadcasters)