Competitive rates on long-term fixed-rate financing options.
Meet the routine cash flow needs of your business and manage risk.
Quick and competitive financing for life’s needs from equipment to real estate improvement
Acquire flexibility and potential tax benefits.
Financing farm-related services such as custom application.
Integrated financial tools to move your business further.
Financing for purchasing equipment or refinancing equipment loans
Food and fiber debt syndications and investments.
Financing specialized for processors, manufacturers and distributors of food and agricultural goods.
Specialized financing for large-scale beef producers to stay competitive and manage, improve or enlarge their operations.
Financing options for large-scale dairy producers to embrace opportunities and overcome milk price hurdles the market can present.
Specialized financing for large, established poultry and egg producers that takes market swings and regulations into account.
Financing options for large-scale pork producers, integrators and processors to help manage and expand their operations.
Specialized financing for sawmills, wood processing operations and large timberland owners to achieve profitability.
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The PPP is part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, which initially authorized up to $349 billion in loans to small businesses nationwide, providing a direct incentive to keep workers on the payroll and meet other critical expense needs. First-round funds were exhausted by April 16, but the Senate on Tuesday approved $500 billion in additional funds, and the House is expected to pass the measure Thursday or Friday.
Though it’s uncertain when funds will be available, Farm Credit Mid-America is encouraging customers to complete applications now so that when the money is available, they can be submitted to the Small Business Administration for approval.
“The past few weeks have been a time of unprecedented change and challenge for our customers, creating new, unforeseen obstacles for them, their families and communities,” said Bill Johnson, president and CEO of Farm Credit Mid-America. “These funds will help farmers pay employees cover certain expenses during the COVID-19 crisis.”
Funds for this program come in the form of loans from approved lenders with SBA guarantees for 100% of the principal amount of the loan. Certain amounts of these loans may be eligible for forgiveness in accordance with the rules of the PPP. Borrowers are responsible for understanding their eligibility to participate in the program and all of the PPP requirements associated with these loans, their use, and any loan forgiveness.
Farm Credit Mid-America is accepting applications only from persons and entities that are currently customers of Farm Credit Mid-America, through online applications.
For more information about Farm Credit Mid-America’s participation in the Paycheck Protection Program, please visit: https://e-farmcredit.com/paycheck-protection-program.
Former Regional Vice President receives promotion
The Farm Credit Mid-America Board of Directors is pleased to announce the intent to merge Farm Credit Mid-America and Farm Credit Midsouth under the name Farm Credit Mid-America.
The three incumbent directors will continue to provide strategic direction to the Association’s leadership