Farm Service Agency (FSA) Guaranteed Loans

FSA Guaranteed loans provide a loan guarantee, usually up to 90% of the loan balance to the lender. This reduces the amount of risk to the bank and may provide a producer the ability to obtain financing through their local bank when they may be unable to receive it otherwise.

Benefits and Features

• Houghton State Bank participates in all FSA guaranteed loan programs and has obtained the status of "Certified Lender". This status ensures reduced processing and approval time of your application.
• Guaranteed loans can be used to finance operating needs, restructure existing debt, or purchase real estate, livestock, machinery, or other farm assets.
• Guaranteed loans may provide the operator the opportunity to obtain loan financing they might otherwise be unable to receive with conventional financing.
• We have extensive experience processing and administering guaranteed loans which means your loan will always be handled in a professional manner.
• Interest assistance of 4.0% may be available for both term and operating lines of credit.
• The combined maximum amount that can be financed under the guaranteed loan programs is $899,000.