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This form is available electronically. Form Approved OMB No. 0560-0204 U.S. DEPARTMENT OF AGRICULTURE Commodity Credit Corporation CCC-194 (03-13-01) FARM STORAGE FACILITY LOAN SUBORDINATION AGREEMENT
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How to fill out farm storage facility loan

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How to fill out farm storage facility loan:

01
Gather all necessary documentation such as personal identification, financial statements, and proof of ownership or lease agreement for the farm.
02
Research and choose a lending institution that offers farm storage facility loans. Contact them to inquire about their specific application process and requirements.
03
Complete the loan application form accurately and thoroughly. Provide all required information, including details about the storage facility you intend to build or improve.
04
Include any additional supporting documents that may be required, such as project plans, estimated costs, or quotes from contractors.
05
Submit the completed application and accompanying documents to the lending institution, either in person or through their online submission platform.
06
Follow up with the lending institution to ensure they have received your application and to inquire about any additional information they may need.
07
Wait for the lending institution to review your application and make a decision. This process may take some time, so be patient.
08
If approved, carefully review the terms and conditions of the loan offer. Consider seeking legal or financial advice if needed.
09
Sign the loan agreement and fulfill any additional requirements, such as providing insurance coverage for the storage facility.
10
Begin the process of constructing or improving the farm storage facility as outlined in your loan agreement.

Who needs farm storage facility loan:

01
Farmers who need additional storage space for their agricultural products, such as grain, crops, or livestock feed.
02
Agricultural businesses looking to expand their storage capacity to meet growing demand or to comply with industry regulations.
03
Farm owners or operators who want to upgrade existing storage facilities to improve efficiency, safety, or environmental impact.
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A farm storage facility loan is a type of loan provided by the USDA Farm Service Agency to farmers for the construction or upgrade of on-farm storage facilities.
Farmers who need financial assistance for the construction or improvement of on-farm storage facilities are required to file a farm storage facility loan application.
To fill out a farm storage facility loan, farmers need to complete the application form provided by the USDA Farm Service Agency, including their personal and farm information, details about the storage facility project, and financial information.
The purpose of a farm storage facility loan is to help farmers improve their ability to store and handle commodities, reduce post-harvest losses, and enhance market opportunities for their agricultural products.
Farmers must report their personal information, farm details, project specifications, storage capacity, estimated costs, and other financial information related to the on-farm storage facility project on the loan application.
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