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Agriculture Today

Guaranteed loan webinars start in November

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October 30, 2013 | 3,835 views | Post a comment

U.S. Department of Agriculture Farm Service Agency (FSA) Executive Director Judith A. Canales reminds lenders to register for the upcoming FSA Guaranteed Loan Program training. FSA will host four webinars from November through January.

Webinars will be offered at no cost to the participants. The webinars will be held on Thursday, Nov. 7; Tuesday, Dec. 17; Wednesday, Jan. 15, 2014; and Thursday, Feb. 20, 2014. All webinars will begin at 1:30 p.m. and will focus on regulatory updates pertaining to guaranteed loan making and servicing. Participants will need computer speakers and a microphone to participate.

The Guaranteed Loan Program allows FSA to form a partnership with lenders to ensure that agricultural producers have an affordable and reliable source of credit available. When making guaranteed loans, FSA guarantees the loan up to 95 percent of the loss of principal and interest. This loan program allows banks to keep their long-term agricultural customers as well as form relationships with new producers who do not qualify for traditional commercial loans.

Any of the training sessions may be attended by agency certified and preferred lenders in order to remain in compliance with annual training requirements.

To view the guaranteed lender training schedule and/or to register, visit http://1.usa.gov/18qjEK4.

For more information regarding guaranteed lender training, contact John Cowan, farm loan specialist, at 979-680-5229 or john.cowan@tx.usda.gov.

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