The Rural Finance Authority (RFA) Board reviews loan applications normally on the first Wednesday of every month. Applications must be in the Authority's office by the close of business Friday before that particular Board meeting in order to be processed for next month's meeting.
Following is a list of items to be submitted when making application for a loan:
Allocation Fee of:
The statement (please call if you need a financial statement form) must be signed and dated by the Beginning Farmer and spouse (if any) as well as by a bank officer. When listing machinery, a value for each item must be shown, including age. The value of all livestock (weights where applicable) should be included as well as bushels of grain and the price per bushel.
Please see the Program Summary and Instructions for more information. If you have any questions, please contact the Authority office.
Lori.Schmidt@state.mn.us ~ 651-201-6556
Finance & Budget Division