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FSA Schedules Eight Guaranteed Loan Program Webinars
06/13/2011 05:36 PM EDT
U.S. Department of Agriculture, Texas Farm Service Agency
PO Box 2900
College Station, Texas - 77841
http://www.fsa.usda.gov/tx
FSA Schedules Eight Guaranteed Loan Program Webinars
(COLLEGE STATION, Texas) - June 13, 2011- USDA Farm Service Agency (FSA) Farm Loan Chief Eddie Trevino announced that eight guaranteed loan program-lender webinars will be held from June through September.
The guaranteed loan program allows FSA to form a partnership with lenders to ensure that agricultural producers have an affordable and reliable source of credit available. When making guaranteed loans, FSA guarantees the loan up to 95% of the loss of principal and interest. This loan program allows banks to keep their long-term agricultural customers as well as form relationships with new producers who do not qualify for traditional commercial loans.
"The guaranteed loan program is a good way for banks to continue extending credit to viable agricultural producers while mitigating their risks," said Trevino.
Webinars will be offered bi-monthly at no cost to the participants and last no longer than two hours. The first webinar is scheduled for June 21, 2011 at 10:00 a.m.
All webinars will open with general loan making and loan servicing updates and then transition into topic specific discussions. The following are webinar topics will be offered: Developing Adequate Loan Narratives; Lo - Doc Application Requirements; Environmental: Making a Difficult Issue Work Timely; Meeting Additional Credit Needs Mid-Cycle; Subsequent Year LOC Advances and Servicing Requirements; Rescheduling/Deferring Loan Balances/Installments; and Filing a Loss Claim: What's Needed and When.
Any webinar session may be attended to maintain compliance with the required annual training for Agency Certified and Preferred lenders. Lenders who are new to the program or interested in participating are encouraged to register for the webinars.
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