USDA’s Farm Service Agency (FSA) has opened up an online application process for direct loan customers. Individuals may now use an online, interactive and guided application that provides additional support features.
“Online services are commonplace in commercial lending, and with USDA Farm Service Agency’s new online loan application feature, it is now easier for producers to get the financing they need to start, expand or maintain their farming and ranching operations,” said Deputy Secretary Xochitl Torres Small in a news release.
The online application intends to reduce the number of incomplete and withdrawn applications. Applicants will also be able to track the progress of their loan application through FSA’s Loan Assistance Tool. In the first phase of rollout, the online application tool will only be available to producers operating their farm as an individual. For more information, visit farmers.gov/loan-assistance-tool.
