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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 [...]
Permalink: https://www.federalregister.gov/documents/2021/07/02/2021-14193/onerd-annual-notice-of-guarantee-fee-rates-periodic-retention-fee-rates-loan-guarantee-percentage PDF Document: 2021-14193 Below are the proposed guarantee rates and fees for FY 2022. Here is the same chart from FY2021. As you can see, the Community Facility Guaranty Fee seems to have dropped by 25BP to 1.25% [...]
There is a new graphic on the OneRD website tracking total funding, utilization, and remaining funds. Over the last few weeks, this graph has shown over utilization of funding in the USDA’s Business and Industry (B&I) loan program. On the [...]
In talking to several USDA lenders around the country, I have found not many know that reduced guarantee fees exist if one of several scenarios are met in section, 5001.454(d)(1-5). These regulations are detailed below and includes [...]
CFR Release: 2021-00005 The CFR correction updated the USDA Guaranty Fee and the USDA Guarantee on Business and Industry loans to 1% and 90%, respectively. To obtain these rates, projects must be "in a high cost, isolated rural area of [...]
Link to report: USDA Top Commercial Lenders for FY2020 Link to raw data: http://www.rd.usda.gov/sites/default/files/FY2020bligationsLenderReport.pdf Link to stylized spreadsheet: To Be posted This is an impressive list showing the 181 partner institutions lending more than $2.1 Billion across the [...]
Location Eligibility: 5001.102(b) Project eligibility - general. Location. A project must be located in a State and meet the rural or rural area requirements of the applicable section in 5001.103 through 5001.108. Eligibility location is still based on the eligibility [...]
New Breakdown of Fees and Guarantee Percentage Below is a chart released by the USDA in August 30, 2020 Federal Register showing the new fee and guarantee breakdown for each program under in FY21 under the new 5001 OneRD regulations to be released October 1, 2020. The major changes from the current fee structure for each of the programs [...]