Webinars will be offered at no cost to the participants. The webinars will be held on Dec. 17, Jan. 15, 2014, and Feb. 20. All webinars will begin at 1:30 p.m. central time and will focus on regulatory updates pertaining to guaranteed loan making and servicing. Participants will need computer speakers and a microphone to participate.
“The guaranteed loan program is a good way for banks to continue extending credit to viable agricultural producers while mitigating the risk that the financial institution assumes,” Canales said.
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.
Any of the training sessions may be attended by agency Certified and Preferred Lenders in order to remain in compliance with annual training requirements.
To view the guaranteed lender training schedule and/or to register, visit: http://www.fsa.usda.gov/Internet/FSA_File/tx_glswebinars_2013.pdf.
For more information regarding guaranteed lender training, contact John Cowan, farm loan specialist, at (979) 680-5229 or firstname.lastname@example.org.