FSA Guaranteed Loans

Central National Bank offers two types of FSA Guaranteed Loans:

• Guaranteed Farm Ownership: Includes loans to purchase farmland, poultry houses, pork facilities, etc., construct or repair buildings, develop farmland, or refinance.
• Guaranteed Operating Loans: Includes loans to purchase livestock or equipment, operating expense, family living expense, or refinance.

To qualify for an FSA Guaranteed loan, applicants must:

• be a citizen of the United States.
• have an acceptable credit history as determined by the lender.
• have the legal capacity to incur the obligations of the loan.
• demonstrate repayment ability.
• provide sufficient security for the loan.
• be unable to obtain a loan without a guarantee.
• be the owner or tenant operator of a family farm after the loan is closed.
• not be delinquent on any Federal debt.

Application packets may be obtained at the CNB location nearest you. Additional information needed from you may include the following:

• last three years income tax returns.
• complete financial statement.
• construction bid list for poultry facilities (if applicable).
• a legal description of the land (if real estate).
• copies of deeds of all property owned.
• copy of written lease