USDAs Simplified Direction Loan Application Now Available
A new, simplified direct loan application is now available for all producers seeking a direct farm loan from the Farm Service Agency. The new application went from 29 to 13 pages to provide an improved customer experience for producers applying for loans and enables them to complete a more streamlined application Producers also have the option to complete an electronic fillable form or prepare a traditional paper application for submission to their local FSA farm loan office.
Coupled with the Loan Assistance Tool released in October, the simplified application will provide all loan applicants access to information regarding the application process and assist them with gathering the correct documents before they begin the process. USDA said this will help farmers and ranchers submit complete applications and reduce the number of incomplete, rejected, or withdrawn applications.
Learn about the different options available through FSA by visiting the Agency's Website.
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