FSA FO Loan Criteria with More Uncertainty for Entity Applicants

Although entity applicants (groups of people with more than one unrelated owner) can apply for an FSA Farm Ownership loan. However, some of the criteria for a successful loan application are more complicated to meet as an entity. This chapter discusses those criteria.

Here in this chapter, we are discussing the FSA FO loan criteria that create more uncertainty for entity applicants. These are:

Criteria 9: Demonstrate Farm Managerial Ability
Criteria 10: Follow training requirements
Criteria 11: Meet family farm requirements
Criteria 12: Meet the 75% test if multiple entities are involved

Many of the criteria that apply to all applicants are relatively straightforward to apply to entity applicants – those criteria are discussed in the next chapter.

Criterion #9: Demonstrate Farm Managerial Ability

Qualifying for an FSA Farm Ownership Loan as a Group of Unrelated Persons

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Cooperative Purchasing and Financing Guide for Farm and Ranchland