The United States Department of Agriculture (USDA) has launched a new online tool to help farmers and ranchers better navigate the agricultural loan application process. This uniform application process will help ensure that all farm loan applicants receive equal support and have a consistent customer experience with the USDA Farm Service Agency (FSA), regardless of their personal circumstances.
The USDA experiences a high rate of incomplete or withdrawn applications, particularly among underserved clients, in part due to a difficult and time-consuming paper application process. The Loan Assistance Tool is available 24/7 and provides clients with an online step-by-step guide that complements the assistance they receive when working in person with a USDA employee. , providing documents that can help an applicant prepare their loan application in a single tool.