Government Grants, Loans: Farm Ownership Loans (Application Process)

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Farm Ownership Loans

Farm Ownership Loans

APPLICATION AND AWARD PROCESS
	· Award Procedure
		Certification as to eligibility is made the Agency credit officials and an approval determination is made by an FSA official based on loan feasibility and soundness, and adequate security.
	· Preapplication Coordination
		An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review. This program is excluded from coverage under OMB Circular No. A-102 and E.O. 12372.
	· Application Procedure
		Applicants file Form FSA 410-1, Application for FSA Services, with supporting information, at the local county office of the Farm Service Agency for direct loans or Form FSA 1980-25 with the prospective lender for loan guarantees. This program is excluded from coverage under OMB Circular No. A-110.
	· Deadlines
		None.
	· Range of Approval/Disapproval Time
		The loan approval official must approve or disapproves a completed application within 30 days on a guaranteed loan application and 60 days on a direct loan application.
	· Appeals
		Applicants for direct and guaranteed loans, may appeal adverse actions taken. The applicant is given an opportunity to appeal the decision to the National Appeals Staff. For guaranteed loans, both the lender and the applicant must request the appeal.
	· Renewals
		Applicants may reapply at any time. Applicants denied assistance through the appeal process must establish that substantial change has occurred, since the denial decision.

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Farm Ownership Loans

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