Serving Franklin County, WA
Serving Franklin County, WA
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SPOKANE VALLEY – Underserved or beginning farmers and ranchers who cannot obtain commercial credit from a bank have a resource to turn to — the U.S. Department of Agriculture’s Farm Service Agency (FSA). FSA is offering two types of direct and guaranteed loans: farm ownership loans and farm operating loans. Repayment terms for the latter are scheduled from 1 – 7 years while financing for the former cannot exceed 40 years, with interest rates for direct loans set by the government’s cost of borrowing and rates for guarantee...