6.00% effective Jan. 1, 2023
FreshRoots Lending Assistance
Eligible farming entities may attain loan pricing discounts for the first five years for each loan, with maximum total discounted loan limits of:
- $1 million farm real estate loans and
- $500,000 operating line of credit
- Five-year discounted interest rate on up to $1 million farm real estate loans and $500,000 operating loans – to find out today’s rate contact your local FCI office.
- Relaxed lending standards
- FCI will cover the cost of the FSA 1.5% guarantee fee on eligible farm real estate loans.
- A completed fiscal year-end balance sheet, business plan, and cash flow statement, must be provided at each application.
- Get started by accessing these downloadable templates:
- Balance Sheet
- Machinery List
- New FreshRoots Members - Business Plan Template and Outline for Business Plan
- Existing FreshRoots Members - Subsequent Business Plan Template
- Farms Operated Schedule
- Cash Flow Projection - check out this tutorial for how to complete the cash flow template
- Per Acre Cash Flow
- Be sure and save these files to your local desktop or laptop computer before entering information and save again each time you open and fill out.