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- Need a business plan
- Approval is possible with poor credit
- Can't be federally delinquent when applying
- If married, you can apply as individual and get two loans
- The loan does not show on credit history unless delinquent
- 8wk course available for $5k and cuts 1 yr off qualifications
- Level 1 loans *recently went from $50k minimum to $100k
- Money lent is at 2-3% APR
- Part of $$ is for land, part of $$ is for equipment (e.g. 600/400)
- Someone without farm experience will need a mentor
Contexts
