RURAL FINANCE AUTHORITY Loan Comparison Chart
Requirements	Restructure II Program	Livestock Expansion Program	Value Added "Stock" Loan Program
Residency:	Minnesota only	Same	Same
Location of property:	Minnesota only	Same	Same
Maximum net worth:	$400,000	$400,000	$245,000
Income requirements:	50% avg annual gross income from farming. Positive cash flow. Equity of less than 50%.	Demonstrate ability to repay the loan.	Same
Loan purposes:	Restructure existing ag debt only caused by unpredictable events.	NEW state-of-the-art improvements to farm operation. (No refinancing.)	Purchase "new" issue stock in a Minnesota value added co-op. (No refinancing.)
Financing allowed:	1st real estate mortgage.	Same	Stock purchased from the Cooperative.
Equity required:	Negotiated per RFA guidelines.	Same	Determined by number of shares purchased.
Interest rate:	RFA - Call for current quote. Lender-negotiate.	Same	Same
Loan amounts:	No limits - but RFA participation 45% of 1st mortgage to a max of $100,000.	No limits - but RFA participation 45% of mortgage to a max of $250,000.	No limits - but RFA participation 45% of stock loan to a max of $24,000.
Off-farm income okay?	Yes	Yes	Yes
Must show adequate management skills?	Yes	Yes	Yes
Must farm full-time?	Yes	Yes	Yes
Must farm unit?	Yes	Yes	Yes
Must contact local SWCD office?	Yes	Yes. Permits required?	N/A
RFA Fees:	$50 application fee (non-refundable) 20 year or less amortization req'd.	$50 application fee (non-refundable) 0.5% origination fee for 10 yr or less amortization. 1.0% orig fee for more than 10 year amortization.	$50 application fee (non-refundable)

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