Current through November 30, 2024
Section 773.18 - Loan application(a) A complete application will consist of the following:(1) A completed Agency application form;(2) If the applicant is a business entity, any legal documents evidencing the organization and any State recognition of the entity;(3) Documentation of compliance with the Agency's environmental regulations contained in part 799 of this chapter;(4) A balance sheet on the applicant;(5) The farm's operating plan, including the projected cash flow budget reflecting production, income, expenses, and loan repayment plan;(6) The last 3 years of production and income and expense information;(7) Payment to the Agency for ordering a credit report; and(8) Any additional information required by the Agency to determine the eligibility of the applicant, the feasibility of the operation, or the adequacy and availability of security.(b) Except as required in § 773.19(e) , the Agency will waive requirements for a complete application, listed in paragraphs (a)(5) and (a)(6) of this section, for requests of $30,000 or less. 65 FR 76117 , Dec. 6, 2000, as amended at 81 FR 51285 , Aug. 3, 2016