USDA Guaranteed and Direct Loan are required to follow the environmental regulations set forth in RD 1970 and the CON Act, both detailed below. NEPA and RD Part 1970 The National Environmental Policy Act (NEPA) is a federal law that [...]
A business plan is an important document that outlines the goals and objectives of a business, and the strategies and actions that will be taken to achieve those goals. It is typically used to secure funding from investors or [...]
Table of Contents: Equity Requirement History New Balance Sheet Equity Grid Existing Businesses with proper equity post closing Existing business with negative equity or less than 10% BSE. Option 1: Inject Capital Example #1: Enough [...]
Link: Appendix A - Feasibility Study What is a Feasibility Study? A feasibility study is an evaluation of a proposed project or venture to determine its potential for success. A feasibility study for the USDA Business and Industry (B&I) Loan [...]
Few USDA lenders remember the five ways to lower the USDA Guarantee Fee on any OneRD loan the USDA offers. I can admit I was one of those lenders, however, Hurricane Ian reminded me this “Major Disaster Designation” [...]
Brevard (County) Charlotte (County) Collier (County) DeSoto (County) Flagler (County) Glades (County) Hardee (County) Hendry (County) Highlands (County) Hillsborough (County) Lake (County) Lee (County) Manatee (County) Monroe (County) Okeechobee (County) Orange (County) Osceola (County) Palm Beach (County) Pasco (County) Pinellas [...]
Permalink: https://www.rd.usda.gov/sites/default/files/OneRD_FeesNotice_FY23.pdf PDF Document: Here Above is the FY2023 Fee structure which lines up directly with the FY fee structure at the end of this post. I will continue to be critical of funding issues that [...]
On Thursday, December 9th. USDA Secretary Tom Vilsack announced an additional $1,000,000,000 under the new Food Supply Chain program for loan guarantees. These Food Supply Chain loans have attractive terms for lenders familiar with the USDA B&I loan [...]
For those who don't know, the NRLA is the Natural Rural Lenders Association and is an advocate for rural lending. As an association, we meet each year and discuss USDA and Rural lending, upcoming regulations, and network with one another [...]
LINK #1: https://www.usda.gov/media/press-releases/2021/10/12/usda-announces-first-installment-farm-service-agency-and-rural LINK #2: https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/12/president-biden-announces-key-regional-appointments-for-epa-hhs-and-usda/ LINK #3: https://www.usda.gov/media/press-releases/2021/10/12/statement-agriculture-secretary-tom-vilsack-confirmation Xochitl Torres Small, Under Secretary for Rural Development Reggie Taylor, State Director, Rural Development, Georgia Patricia Dominguez, State Director, Rural Development, New Mexico Brandon Fewins, State Director, Rural Development, Michigan Bob [...]