Loan Application and Approval for Farm Storage and 2025

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The document is a loan application form for the Farm Storage Facility Loan Program administered by the U.S. Department of Agriculture's Commodity Credit Corporation. It collects information from applicants regarding their identity, requested loan amount, type of commodities and facilities involved, and various certifications related to eligibility and compliance with federal regulations. The form also includes privacy statements and civil rights information.

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How to use or fill out Loan Application and Approval for Farm Storage Facility Loan Program

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Click ‘Get Form’ to open it in the editor.
Begin by entering your Loan Identification Number, State Code, County Code, and Loan Number in the designated fields.
Fill in your name, address (including ZIP code), Tax Identification Number (last 4 digits), and telephone number.
Specify the requested loan amount and indicate if this is a FSFL Microloan request. Choose the desired loan term from the options provided.
Select the commodity type(s) relevant to your application by checking all applicable boxes.
Indicate the facility or equipment type needed for storage based on your selected commodities. Provide a description of the facility or equipment in section 6A.
Complete sections regarding legal descriptions, lien information, and certifications as required. Ensure all signatures are obtained before submission.

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Versions	Form popularity	Fillable & printable
2022	4.8 Satisfied (57 Votes)
2013	4 Satisfied (28 Votes)
2001	4.9 Satisfied (227 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What credit score is needed for a USDA farm loan?

Streamlined credit analysis is used when the applicant has more than one credit score of 640 or above for the 502 Direct program and 620 or above for the 504 Repair Loan Program.

What is the maximum farm storage facility loan amount?

FSFL is an excellent financing option to address on-farm storage and handling needs for small and mid-sized farms, and for new farmers and ranchers. Loan terms vary from three to 12 years. The maximum loan amount for storage facilities is $500,000. The maximum loan amount for storage and handling trucks is $100,000.

How to get a loan for a storage facility?

One of the best financing options for self-storage owners are SBA 504 loans. They are an especially good option for operators that arent able to qualify for conventional financing. The 504 loan provides long-term, fixed-rate financing of up to $5 million for buying, building or rehabbing a self-storage facility.

How many acres do you need to qualify for a farm loan?

So, to meet the beginning farmer requirement, a loan applicant may not own more than 28.2 acres when the loan application is submitted. If the farm crosses county lines and is located in more than 1 county, ABC County and XYZ County, FSA uses the average size farm data for the county where the loan applicant lives.

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