Interest Rate Reduction
Called The Interest Assistance Program and referred to as Program #10.437 in the Catalog of Federal Domestic Assistance, this program provides a 4 percent subsidy to farmers and ranchers, who do not qualify for standard commercial credit. Guaranteed loans are serviced by a lender who has entered into a Lenders Agreement with the agency. The total loan limit for a guaranteed loan cannot exceed $731,000. Contact your local office of the U.S. Department of Agriculture Rural Housing Service.