Commercial mortgage loans aren't open to persons, but rather to businesses, which include partnerships, incorporated businesses, limited companies, etc. For those looking to raise some funds, these sample letters requesting donations may work for you. Business loan is exactly what a large variety of companies look forward to when seeking immediate cash. Due to lesser population, the Sullivan County and many types of its municipalities are eligible for federal granting under the The Big Apple State Small Cities Community Development Block grant program.
When your online business loan is approved, you will be arranged for a https://www.fundingcircle.com/us/ separate loan account, which will allow regular repayments. These kinds of loans can be used for assorted reasons: the acquisition of land or buildings, new construction or expansion, to acquire equipment, machinery, furniture, fixtures, supplies and materials, and to refinance existing business debts which have higher rates and unreasonable terms. Thus, bad credit woman business loans are here to strengthen the financial base of the a bad credit score woman business professionals. 5: SBA loan rates are greater than conventional lending SBA 504 loans nearly always have fixed rates. Sometimes if there are disputes of a credit issue, the financial institution will order a MRCR, mortgage residential credit report and which means that each account is evaluated and the creditor is contacted for any issues uncommon to search for the correct information. Depending upon the equity the repayment tenure and rate of interest are calculated. Sometimes if there are disputes about a credit issue, the financial institution will order a MRCR, mortgage residential credit report and that means that each account is evaluated as well as the creditor is contacted for any issues unusual to get the correct information. Although bank cards will also be unsecured simply because they don't require any security but nonetheless they involve high interest rates. Before Co-signing a Loan For An Individual Else. There are various expenses which you may have to satisfy during day to day dealings. This has additionally helped in to launch six new sites in Louisiana, Texas and Iowa. Are you searching for Canadian government grants? Visit our website today to locate grants, loans and financing programs provided by the Canadian government for its citizens. Here, your collateral playing since the security of the lender's money assures cheap rates in your business launch loans. There are costs in acquiring real estate. This isn't an academic exercise or perhaps a waste of time for most commercial borrowers, particularly if they require help with determining practical small business finance choices that are accessible http://giantcoward5656.hazblog.com/Primer-blog-b1/Cuts-in-Food-Stamps-Farm-Subsidies-Seal-Deal-After-2-Year-Fight-b1-p22.htm to them. Use these sample letters for transfer of ownership whenever you buy or sell an item and need to supply a paper trail for legal purposes. . Also, check out the Education Grants Guide to find the best sources for all forms of education grants.
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The idea of starting your own turkey farm might be overwhelming, but there is no reason that you couldn't put together a very successful and lucrative business as long as you had the right equipment. You will certainly need a lot of land and some workshop buildings to start, and the rest can be acquired as you go. Many people like to start small and build as they go, but you can dive right in if that's the way you want to do it. Just be sure that you get the right machines to get started, and you will be just fine.
To start slowly, you can begin with a hatchery. Egg incubators are easy to procure, and they will help you to keep a very steady hatch success rate. Your poults can then be sold to turkey farmers, and you can use your earnings to buy more equipment so that you can extend the cycle of life in your own turkey farm. Once the eggs are hatched, you will need a brooder so that your chicks can thrive during the first few weeks of life. This is only necessary if you plan to continue raising the birds on your own. As a hatchery, the birds are usually sold immediately upon hatching, so you can forego the brooder until you are ready to raise the birds on your own. Once you make the decision to raise the birds into adulthood, you should invest in nests so that they can continue to lay eggs and perpetuate the cycle for you. Again, this is not a necessary purchase until you are ready to continue raising the birds. When you look for nests, you will find that there are several models available. Learn what you can about the different nests so that you can make an informed decision about which to buy. Consider the health and comfort of your turkeys before you buy, and you will see that it pays off for you in the end. When you decide that you would like to begin processing your own birds for meat, there are more decisions to make. Killing cones, scalders, and pluckers will all be necessary to prepare the birds for consumption. Again, there are a great many different models available, so you may want to investigate which are right for efficiency, as well as which will allow you to provide the most humane treatment for your birds. By: Will Hanekom Article Directory: http://www.articledashboard.com Surehatch is a leading supplier of egg incubators and poultry supplies. Surehatch caries all hatchery supplies including egg incubators, brooders, feather pluckers, breeding pens and more. Visit Surehatch.com to find all of the products you need to start raising chickens. http://www.articledashboard.com/Article/Start-a-Turkey-Farm/2740184 MIDDLETOWN, Conn.--(BUSINESS WIRE)--Asterisk
Financial Inc. today announced the introduction of Personal Guarantee Insurance(TM), a new insurance product that protects small-to-medium-size (SMB) business owners, or anyone who guarantees a SMB loan, against major loan-related losses. For the first time, loan guarantors - including business owners, commercial real estate investors and limited partners - can have a substantial portion of their net liability covered if the underlying business should fail. The concept of Personal Guarantee Insurance is so innovative that Asterisk has applied for a patent for the concept. Asterisk uses a direct selling approach and is initially licensed to offer Personal Guarantee Insurance(TM) in Connecticut, Illinois, Indiana, Iowa and Wisconsin, with plans to expand to at least 10 other states in 2010 and 2011. Today, most SMB owners, limited partners and commercial real estate investors are required to personally guarantee a commercial loan transaction, exposing their personal assets when they take out a business loan. This puts them at risk of losing their home, savings and other personal assets if the business should get into trouble and default on the loan. Personal Guarantee Insurance from Asterisk assures guarantors that they are protecting their personal assets when they sign a guarantee for a commercial loan. How Personal Guarantee Insurance Works If, after liquidating the business assets, the lender seeks personal assets to repay the balance of the loan, Personal Guarantee Insurance will cover a substantial portion of the insured's net liability, subject to the terms of the policy. "For years, those taking out business loans have faced the risk of substantial loss of personal property when the value of business assets did not satisfy loan obligations," said Mark L. Ricciardelli, CEO of Asterisk Financial. "Personal Guarantee Insurance from Asterisk is a unique product designed to address that risk, covering a substantial portion of what is owed after the business liquidation, and thus, reducing the personal exposure to small and medium size business owners and other investors." The advantages of Personal Guarantee Insurance(TM) include: More conducive to business success: Owners and other loan guarantors retain 100% of a venture's upside potential while transferring a substantial portion of the downside risk. This changes the equation in terms of business focus and commitment of resources. Peace of mind: Some have described the threat of personal loss in a business failure to having a "sword hanging over their head." Personal Guarantee Insurance removes the anxiety caused by this worst-case "what if" scenario. Reduces potential for strain and division among business partners: The potential for severe personal losses from a business failure can lead even amiable partners to wrangle over things like acceptable levels of risk and redistribution of ownership stakes. With the protection of Personal Guarantee Insurance, their personal exposure is substantially reduced, allowing them to remain focused on overcoming business challenges and staying on plan. Asterisk is led by a seasoned management team with years of experience in insurance, banking and financial services. Ricciardelli is a former CEO with Kohlberg Kravis Roberts & Co. and GE Capital. The other management team members held executive positions at GE Capital, XL Capital, American Express, and Webster Bank For more information or to find out about how to apply for Personal Guarantee Insurance from Asterisk, click here: www.personalguarantee.com About Asterisk Financial Inc. Asterisk Financial Inc., a wholly-owned subsidiary of Asterisk Financial Group Inc., is the first-to-market creator of Personal Guarantee Insurance, the only insurance product available today that specifically addresses the risk mitigation needs of loan guarantors. Designed as credit insurance, Personal Guarantee Insurance is intended to protect small-to-medium-size business owners, commercial real estate investors and other guarantors from potential liability and property loss arising from personal loan guarantees. Asterisk is headquartered in Middletown, Conn. For more information visit www.personalguarantee.com or call (888) 643 8744. http://www.businesswire.com/news/home/20100624006142/en/Asterisk-Financial-Launches-Personal-Guarantee-InsuranceTM-Insurance Scouting for a house is a very exciting moment because becoming a home-owner is a great privilege for most Americans. Renting is just not the same as having your own home. For many Americans, full payment for a house is a great feat, which is why there are so many home loan programs available for aspiring home-owners. Now, it's only a matter of choosing the right home loan program that is appropriate for your financial capacity. So here are a few tips for beginners in the line of home buying and for current home owners.
How much can you really afford? Your capacity to pay your loans and mortgages depends on specific factors like your income, credit rating, down payment, interest rates, and current monthly expenses. For those who have very little saved-up, you can try a 95%-100% financing. If you prefer 50% financing, make sure you're comfortable with the monthly down payment so you won't get into any trouble. Shop for Loans. Do your homework! Compare interests and mortgage rates of available lenders. Consider getting pre-approved for a loan or use your charms to negotiate for a better deal. Most lenders ask for 20% of the purchase price as down payment but they can go as low as 5% on conventional loans. FHA loans are highly recommended by most loan counselors. FHA loan or the Federal Housing Administration loan has been around since 1934. This is ideal for first time home buyers because FHA loans require low down payment, closing cost, and your credit score doesn't have to be too high. The FHA also offers Reverse Mortgage programs for senior citizens with low loan balance, converting a potion of their equity to cash. You can also explore "no payment" loans like a VA loan. This type of loan is ideal for veterans and does not require you to have a PMI. A VA loan can also be used to purchase a house or make repairs and renovations in your current house. Be in-tune with current mortgage rates and interest rates. You should be updated with ever changing rates. Apply for loans when there is a low mortgage rate trend. Only agree on interest rates you're financially capable with and remember not to get too excited with the idea of buying a house. Use a loan calculator prior to getting in touch with a lender so you're not left in the dark of mortgage and loan costs. Loan calculators are available in the internet so it shouldn't be too hard. Other home loan options available are USDA loan, 203k loan, and Rehab loan. USDA loans are approved based on your location and income because it is ideal for rural housing. The 203K loan, on the other hand, is a type of loan that can help you finance home repairs and upgrades. It is also offered by the FHA. The Rehab loan is relatively similar but offers higher interest rates compared to other loans. Consider refinancing. Refinancing is a common option for a home mortgage. Applying for a refinancing program can lower your interest rates and monthly payment. You can also pay off debts or extend your repayment time. But one valuable advantage of getting refinanced is that you reduce risks with existing loans by stabilizing your interest rates even if mortgage prices shift up and down. Marimark Mortgage LLC offers helpful tips and loan services suitable for all your needs. They provide services for the states Virginia and Florida. http://www.articlecity.com/articles/business_and_finance/article_12718.shtml You can try for government grants for small farms if you own a small farm or field and have products which can be sold, but don't have the money to do it. The Government wants to encourage agriculture and small fields. You can make a good business plan with the help of many agencies. Some paperwork is needed but the effort is worth to get government money for your agricultural needs.
The Economy becomes strong and grows with the help of small agricultural businesses. This is also a source of employment for many people. The Government also wants people to have successful small agricultural businesses and gives government funding to help you. You need to have a good business plan before applying for the grant for farms, agricultural loans or start up money with details like: o Your marketing plan o Product details o Prices o Distribution In order to apply for government money for these purposes you will have to give a few things which include: o The details o Personal information o Prove of who you are through an ID If your business plan considered successful and can be marketed you will be able to find cash to buy a small farm through the funds given by the government which includes: o Low interest loans o Awards o Forgiven loans o Leased land agriculture funding o Government grants A good business plan also helps you make sure of what you will be doing for the coming five years in your small business. When you have a business plan ready, you will find it much easy to apply. You will have to do the required paperwork for the government funds. Agriculture is important for the economy of United States and that is why the government offers money for small farm businesses. Author's Bio: Lastly I would like to introduce you a powerful free resource which shows you how to receive Free Government grant Money. Do You Want to receive Free government Grant money? then please click the following link below: governmentgrantmania.com http://www.selfgrowth.com/print/596518 SHANGHAI--(BUSINESS WIRE)--AGCO (NYSE:AGCO), a world-leading manufacturer and distributor of
agricultural equipment, today signed a memorandum of understanding (MOU) with the Alibaba Group in Shanghai to start an "Internet-plus-Agriculture" crossover program. AGCO Senior Vice President, General Manager of Asia Pacific, Gary Collar and Fred Yang, Vice President, Managing Director of AGCO China, attended the signing ceremony, along with Frank Yu, Senior Director of Alibaba Group's Rural Taobao business division. Rural Taobao is responsible for promoting rural e-commerce by removing bottlenecks in logistics and information flow between urban and rural areas. According to the MOU, AGCO products will be featured on Rural Taobao's online platform (cun.taobao.com), which is dedicated to offering agricultural resources and consumer goods to rural villagers in China. At the same time, both parties agreed to extend their cooperation to cloud computing and big data, aiming to promote the development of "modern agriculture" and "intelligent agriculture" in China. In addition, both parties look forward to expanding the cooperation in rural finance and other areas. "We are entering a global phase of the 'Internet Plus' age. The merging of internet and traditional industries is set to go deeper still and will lead to the creation of new development formats," said Mr. Collar. "Agriculture as a primary industry will certainly be one of the key forces to drive the economic transition and accelerate this revolutionary innovation in the industrial model." The MOU objectives are aligned with government policy for the development of the agricultural sector in China. According to the 'Made in China 2025' initiative, approved by China's State Council in March, the agricultural machinery industry is one of several industry sectors that will be prioritized under its "intelligent manufacturing program." This will draw on information technology, data technology and the Internet of Things in the design, processing, testing and assembly of agricultural machines. The Chinese government made clear its intention to prioritize investment in agricultural and rural areas, develop the pilot-financing and rental projects for large-sized agricultural machinery, strongly encourage agricultural machinery leasing and press forward with the reform of rural financing systems. "This strong strategic cooperation between AGCO and Alibaba happens in the context of economic development and is a pioneering act in the agriculture machinery industry," said Mr. Yang of AGCO China. "As a responsible international company and with the favorable policies of the Chinese government, AGCO is looking to adapt and promote the merging of modern agriculture with mobile internet, big data, cloud computing and the Internet of Things, and to stimulate innovation in modern agricultural production, new business patterns and industry models. Meanwhile, AGCO will further enhance our production quality, sales efficiency and service so that our product information and services can reach our customers in a more timely and complete manner." "China is entering an explosive growth period in information consumption industries. It is estimated by 2015 the amount will exceed 3,200 billion yuan, an increase of over 20% compared to 2014," said Mr. Yu of Rural Taobao. "We are honored to join hands with AGCO Corporation to bring world-class agricultural machinery to rural villagers across China, along with other areas of collaboration. This underscores our commitment to connecting rural villagers with agricultural resources and consumer goods that can help elevate their productivity and standard of living." About AGCO AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural equipment. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, grain storage and protein production systems, seeding and tillage implements and replacement parts. AGCO products are sold through five core equipment brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra® and are distributed globally through a combination of approximately 3,100 independent dealers and distributors in more than 140 countries. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2014, AGCO had net sales of $9.7 billion. For more information, visit http://www.AGCOcorp.com. AGCO: 25 years of identity, centuries of history http://www.businesswire.com/news/home/20150909006229/en/AGCO-China-Announces-Strategy-China-Rural-Market We are living during a time of great challenges. The global economy remains slow, the environment is deteriorating, population is growing, and many governments (even rich ones) are struggling to meet the needs of their citizens. The financial crisis proved that we cannot solely rely on business and government to solve our problems and make our lives better. Fortunately, we are also living during a time of great opportunity. We are more connected than ever before and a number of enterprising leaders are sharing ideas and creating disruptive solutions to our current challenges. These so-called "social entrepreneurs" are not traditional "for-profit" entrepreneurs or "not-for-profit" charities. They are instead out to create social value and make their communities healthier, safer, more prosperous and happier places to live. They are particularly active in the Americas. In November, 32 social entrepreneurs from North, Central and South America presented their ideas during the second annual Continuity Forum hosted by the Americas Business Council Foundation (abc*) in Miami. The goal of the forum is to discuss ideas that are working in places as diverse as Bogotá, Puerto Vallarta or Vancouver, and finds ways to replicate them throughout the entire region. The social entrepreneurs were selected specifically for the forum by Ashoka and the abc* Foundation based on their potential to increase the scale of their missions and expand their work in the communities they serve with new outside advisory and financial support. Of the group of 32, we then selected ten that target U.S. Hispanics or Latin Americans and had the most potential for disruptive change. Here is our list of Univision's top social entrepreneurs of 2012: Alexander Eaton | Chief Executive Officer, Sistema Biobolsa Country: Mexico Buen Manejo del Campo (BMC) produces, distributes and promotes Sistema Biobolsa, a high quality modular bio-digestion system that transforms agricultural waste into potent organic fertilizer and renewable methane-rich biogas fuel. The company promotes Sistema Biobolsa through education, microfinance, and capacity building. Their model has the potential to reach tens of millions of small and medium farmers throughout Latin America, improving their efficiency, health and sustainability. Sistemabiobolsa.com Ben Simon | Founder and Executive Director, Food Recovery Network Country: USA Food Recovery Network (FRN) unites students at colleges and universities to fight food waste and hunger by recovering surplus perishable food from their campuses that would otherwise go to waste and instead donating it to people in need. The Food Recovery Network brings the food to homeless shelters, food banks and other non-profits in the surrounding communities. Foodrecoverynetwork.org Cecilio Solis Librado | Founder, Red Indígena de Turismo de México, A.C. (RITA) Country: Mexico Tourism companies are regularly attracted to indigenous territories because of their rich cultural and natural heritage. Rarely, however, does this tourism result in a viable source of jobs and sustainable economic development for the communities in the territories themselves. Red Indígena de Turismo de México, A.C. (RITA, or, the Indian Tourism Network of Mexico A.C.), was founded in 2002 as a response to this challenge by 32 companies of 16 different Mexican indigenous ethnicities. Ten years later, RITA is now comprised of 189 companies from 16 Mexican states, through which they continue to welcome the rest of the world into their communities while actively participating in the construction of economic and cultural destinies. Rita.com.mx Daphne Nederhorst | Founder, Sawa World Country: Canada Daphne is combating global poverty by identifying local changemakers called "Sawa Heroes" in the world's fifty poorest countries who have created significant projects without outside support. Sawa World uses a bold approach to solve extreme poverty for the 1 billion people who live on less than $1 a day. The organization finds inspiring innovators, known as Sawa Leaders, who live in extreme poverty but have created successful, localized solutions to some of their most dire challenges. Sawa then empowers local youth reporters to ensure that these successes are shared and replicated by others in need. Sawa's motto is "Solutions from Within!" Sawaworld.org Francesco Piazzesi Tommasi | Chief Executive Officer, ¡Échale! a tu Casa Country: Mexico In Mexico, there are six million families living in shacks. ¡Échale! a tu Casa is a social-impact franchise program that provides sustainable community development through the production of housing. The program aims to restructure the community's networking outlets and cure the flaws inherent to the self-building process through the implementation of social inclusion, empowerment, technology, training, financial education, social financial trust and innovation. Echale.com.mx Jorge Camil Starr | Chief Development Officer, Enova Country: Mexico Enova is a social enterprise dedicated to creating informed digital citizens by providing underserved Mexican communities with access to quality educational opportunities and information technologies. According to the organization, Mexico's educational system is failing; for every 100 Mexican children, only 25 graduate from high school and only 13 obtain a college degree. The digital divide is also significant; 69 percent of the population does not have access to computers or the Internet. Enova's solution to this problem is the RIA (The Learning and Innovation Network), a group of 70 educational centers located throughout Mexico. The RIA provides access to computers in a safe and pleasant environment, develops a blended learning model supported by excellently trained facilitators and offers a range of courses specialized to the needs of Mexican students. Enova.mx Jose-Pablo Fernandez | Founder and Executive Director, Parents Alliance, Inc. Parents Alliance unlocks online learning opportunities for low-income, limited English-speaking Hispanic parents by offering them language courses and a portal to continuing education in Spanish. The company trains parents, mostly mothers, to use the Internet so they can become full partners in their children's education, communicate with their children's teachers and schools and pursue their own educational goals to achieve upward mobility. Parentsalliance.org Kerstin Forsberg | Founder and Director, Planeta Océano Planeta Océano is committed to conserving and restoring coastal and marine environments--vital life-support systems--that are threatened by overexploitation, pollution, habitat degradation and climate change. Planeta Océano centers its efforts, which primarily occur in low-income areas in Peru, in three main pillars of action: research, environmental education and awareness, and sustainable development of coastal communities. Planetaoceano.org Patrick Struebi | Founder and Chief Executive Officer, Fairtrasa (Fairtrade South America) Fairtrasa helps underprivileged, small-scale farmers in Third World countries escape poverty and improve their lives by providing them with technical support and access to international markets. The company works to ensure that farmers are paid fair prices for their produce, which can often be up to 10 times higher than local market prices, and helps them increase their yields to become self-sufficient and grow beyond subsistence level. Fairtrasa.com Salomón Raydán | President, Fundefir Fundación de Financiamiento Rural (Fundefir) (Rural Financing Foundation) is an organization that works to promote economic and social development of communities and their inhabitants through the execution of a broad applied finance training program that offers consulting tools for the development of skills in the fields of finance, family business, association and community development. Fundefir.org.ve http://abcnews.go.com/ABC_Univision/top-10-social-entrepreneurs-2012/story?id=18028709 In May of 1998 we held a conference dedicated to two Government-sponsored Enterprises (GSEs) - Fannie Mae and Freddie Mac. In my statement to that assembly, I noted that both corporations had been enjoying good times, but cautioned that one of the unintended consequences of fat profits over a long period is the tendency of both government and private corporations to start believing in the fantasy of ever-rising profits. GSEs often escape the accountability that Congress or regulatory agencies should impose. Recent hearings in the U.S. House and Senate have provided some much needed oversight on another GSE-the Farm Credit System (FCS). The Farm Credit System was the first GSE to be established by the United States in 1916. Unlike Fannie and Freddie, the Farm Credit System can make direct loans to farmers, ranchers and others involved in agriculture. However, as The Wall Street Journal reported back in 1985: "the Farm Credit System would lend money to anyone. Herbert Ashton, an Indiana fruit farmer, recalls being wined and dined at a local country club by bankers from his local [farm credit] system bank who extolled the virtues of inflation and offered to lend him $1 million on the spot. 'I turned it down,' he recalls. 'But they sounded like a soap testimonial. They were giving money to whoever passed their way, and they didn't ask too many questions.'" Not surprisingly, The Farm Credit System was also the first GSE to be bailed out by taxpayers at a cost of $4 billion when the farm economy collapsed in 1987. The Farm Credit System reported a net income of $4.7 billion and assets of $283 billion in 2014. It gets its huge funding capital from the Federal Farm Credit Banks Funding Corporation which sells bonds on securities markets. It receives exemptions from Dodd-Frank Wall Street reform and pays only a small percentage of state and local taxes. With these facts in mind, the FCS has veered off course from the mission Congress originally intended for it to do-"...to make loans for the production and marketing of agricultural products." The FCS's lending practices are less focused on serving the credit needs of new farmers and ranchers, but instead lending today focuses on large farmers, agribusinesses, utilities and even businesses having nothing to do with farming! For example, in 2004 twenty-five percent of new FCS loans went to owners of small farms and ranches while seventy-five percent went to owners of large farms. In 2014, less than 14 percent of new FCS loans went to owners of small farms and ranches, while over 86 percent went to owners of large farms. On their website, FCS addresses the open question of whether or not they exist to just serve farmers and ranchers by elaborating: "The System's mission is to serve all types of agricultural producers who have a basis for rural credit, as well as others who help ensure that agriculture and rural America are economically successful. This includes farm-related businesses, rural homeowners, rural infrastructure providers, including electric, telecommunications, water and waste, as well as other rural service providers." This open-ended description leaves a lot of wiggle room about who FCS chooses to lend to-which is problematic. Providing loans to large corporations, to non-farm enterprises and to wealthy individuals and families for a variety of non-farm investments goes well beyond what the Farm Credit System was set up to do. Some eye-opening examples follow: In October 2013 - CoBank, a93 billion Farm Credit System bank, loaned725 million to Verizon to help finance its acquisition of Vodafone -a London-based telecom giant. At a June 25, 2014 hearing, Rep. Mike Rogers (R-MI) told Jill Long Thompson, Chairman and CEO of the Farm Credit Administration, "I have been a supporter of the Farm Credit System. But, it is pretty hard for me to explain--I can't explain why you are financing a merger deal with Verizon, or the Farm Credit System is." In April 2015 - CoBank participated in a300 million unsecured term loan to Black Hills Corp., a vertically integrated energy company with natural gas and electric utility operations in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. In January 2015, Greenstone Farm Credit Services ACA/FLCA joined with several large commercial banks in providing "a five-year750 million revolving line of credit" to Cracker Barrel Old Country Store, Inc., a national restaurant chain. In 2007, Farm Credit of the Virginias loaned the Kluge Estate Winery and Vineyard34 million to increase the winery's output and construct luxury homes on the estate. Former Farm Credit Administration Chairman and CEO Leland A. Strom pointed out that Farm Credit System associations "have developed very efficient marketing programs for farmers and ranchers involved in commodity-type agriculture (from corn and soybean production to livestock, for example) in addition to an "ongoing and impressive" effort at "education and outreach to these farmers and their children." But he warned, the Farm Credit System was not providing the same level of service to those who "farm and market their products directly to consumers, local restaurants, schools, hospitals, etc., in what many call the Local Foods System." The Farm Credit System needs congressional oversight of its operations and lending. In addition to regular congressional oversight-the recent hearings were the first in over a decade-Congress should also consider new legislation that would make the FCS subject to Dodd-Frank, require FCS to increase lending to young, beginning and small farmers and ranchers and limit lending to non-farm corporations and non-farm activities. Small farmers, let your member of Congress know what you think. This Blogger's Books and Other Items from... http://www.huffingtonpost.com/ralph-nader/the-funny-business-of-far_b_10171794.html By clicking Next, you agree to the AXS.com Terms and Conditions.
By creating an account, you consent to receive personalised marketing communications from AXS and the Ticket Supplier for the event, in accordance with our Privacy Policy and Terms of Use. You may opt out of these communications at any time via your online account or via the 'unsubscribe' instructions in any communications you receive. Yes, I'd like to receive additional offers and email communications from third parties, such as the event promoter, related to this event. Privacy Policy http://www.examiner.com/article/farmer-repays-bank-loan-with-manure-russian-farmer-kicks-up-a-stink-with-bank Program Status: Open
Program Factsheet: PDF What does this program do? This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers. Who may apply for this program? Applicants must: Meet income-eligibility Agree to personally occupy the dwelling as their primary residence Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien Have the legal capacity to incur the loan obligation Have not been suspended or debarred from participation in federal programs Demonstrate the willingness to meet credit obligations in a timely manner Purchase a property that meets all program criteria What is an eligible area? Check eligible addresses for the loan guarantees. width-600 How may funds be used? Funds backed by loan guarantees be used for: New or existing residential property to be used as a permanent residence. Closing cost and reasonable/customary expenses associated with the purchase may be included in the transaction A site with a new or existing dwelling Repairs and rehabilitation when associated with the purchase of an existing dwelling Refinancing of eligible loans Special design features or permanently installed equipment to accommodate a household member who has a physical disability Reasonable and customary connection fees, assessments or the pro rata installment cost for utilities such as water, sewer, electricity and gas for which the buyer is liable A pro rata share of real estate taxes that is due and payable on the property at the time of loan closing. Funds can be allowed for the establishment of escrow accounts for real estate taxes and/or hazard and flood insurance premiums Essential household equipment such as wall-to-wall carpeting, ovens, ranges, refrigerators, washers, dryers, heating and cooling equipment as long as the equipment is conveyed with the dwelling Purchasing and installing measures to promote energy efficiency (e.g. insulation, double-paned glass and solar panels) Installing fixed broadband service to the household as long as the equipment is conveyed with the dwelling Site preparation costs, including grading, foundation plantings, seeding or sod installation, trees, walks, fences and driveways How do we get started? Applicants must contact an approved lender. Applicants can review a partial list of approved lenders and information about all of the approved lenders in your state can be obtained by contacting your state's Guaranteed Loan Coordinator. Who can answer questions? Applicants with questions should contact an approved lender. Lenders with questions can contact a Guaranteed Loan Specialist in your state. What governs this program? Why does USDA Rural Development do this? This program helps lenders work with low and moderate income families living in rural areas to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas. NOTE: Because citations and other information may be subject to change please always consult the program instructions listed in the section above titled "What Law Governs this Program?" You may also contact your local office for assistance. http://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program |