FSA Beginning Farmer Loans
At Royal Bank, we are committed to fostering your success in starting a farm and providing support for you to thrive and succeed. With experience in farming and the agriculture industry, our ag lenders are industry experts and are available to help you launch your operation efficiently.
We have strategically partnered with the Farm Service Agency (FSA) to provide beginning farmers with the tools necessary to grow. All FSA loans require the applicant to be operating a farm, have good credit history, have the cash flow necessary to repay the loan and are secured, among others.
Joint Financing 50/50 Loan
- Farm loan open to beginning and non-beginning farmers
- No down payment required
- Purchasing land, buildings or construction
- Royal Bank has a first mortgage on the property
- FSA holds a second mortgage on the property, up to 50% of the value, or $600,000 at a low interest rate with long-term financing
Down Payment Loan
- Exclusively available for beginning farmers, women and minorities
- Used for purchasing a farm
- Low down payment required
- Royal Bank has a first mortgage on the property
- FSA holds a second mortgage on the property, up to 45% of the purchase price or $300,000 at a low interest rate with long-term financing
These FSA farm loan programs allow for flexible financing options to get your operation off the ground quickly.
Our team of experienced and award-winning ag lenders take the time to understand your individual goals, educate you on available options and work with you to find a fitting financial solution. In addition, decisions are made locally so your financial information stays local and decisions are made fast.
Contact a member of our lending team today to learn more and move your operation forward today.
Download our Agriculture Financial Statement or Cash Flow Statement to get started with Royal Bank today!