Microloan Cap Grows to $50,000 Starting Today, Nov. 7

The FSA borrowing limit for microloans increased today from $35,000 to $50,000. Microloans offer borrowers simplified lending with less paperwork and makes borrowing from FSA a “first opportunity” to farm or quickly expand an existing operation. The microloan change allows beginning, small and mid-sized farmers to access an additional $15,000 in loans using a simplified application process with up to seven years to repay. Microloans are part of USDA’s continued commitment to small and midsized farming operations. Learn more.