$1 billion available through the American Rescue Plan.

The Food Supply Chain Guaranteed Loan Program is a part of USDA’s Build Back Better initiative to strengthen critical supply chains and our food system. The USDA will partner with lenders to guarantee individual loans of up to $40 million to help eligible entities finance food supply chain infrastructure. Unlike other USDA programs, there are no geographic restrictions for projects under this program. Projects can be located in both rural and urban areas.

Key Features

  • Competitive Rates
  • Local Processing
  • Quick Decisions

Frequently Asked Questions

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What are the advantages of using a USDA guaranteed loan?  What makes it different from other loans?

Lenders that receive a federal loan guarantee typically are able to offer more competitive interest rates and terms. From a borrower’s perspective, closing and making payments on a guaranteed loan is unlikely to feel different from any other loan. However, it’s always best to work with your lender to determine whether a USDA guaranteed loan best fits your financing needs. Some borrowers may be able to access more affordable credit through non-participating lenders or other federal programs.

Are there any limits on urban or rural areas?

No, projects can be located in both rural and urban areas.

Are there any equity/capital and collateral requirements?

  • Existing business needs a minimum of 10% balance sheet equity or 10% or more borrower investment as a percent of the total eligible project cost. New businesses need 20–25% balance sheet equity or borrower investment as a percent of total project cost, depending on construction financing requirements.
  • The discounted collateral value must at least equal the proposed loan amount. 
  • Unsecured guarantees for the entire term of the guaranteed loan and at least equal to the guarantor’s percent interest or membership in the borrower times the guaranteed loan amount is required from any person or entity owning a 20-percent or greater interest in the borrower. 

I'm interested in applying. What do I do now?

We have a team of dedicated USDA experts ready to help you.  Reach out to them directly to determine your eligibility.

Meet Your Team

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Buy vs. Lease CalculatorDisclaimer

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Certificates of Deposit

Term Rate APY Minimum Balance
3 - 5 Months 0.10% 0.10% $1,000
6 - 11 Months 0.15% 0.15% $1,000
12 - 17 Months 0.20% 0.20% $1,000
18 - 23 Months 0.20% 0.20% $1,000
24 - 35 Months 0.30% 0.30% $1,000
36 - 47 Months 0.30% 0.30% $1,000
48 - 59 Months 0.40% 0.40% $1,000
60 Months and Longer 0.40% 0.40% $1,000

The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $25,000 for Terms 72 Months or greater.

Please see our Disclosure information

Certificates of Deposit and IRAs ~ Specials

Term Interest Rate APY
13 Months 0.60% 0.60%
27 Months 0.99% 1.00%
57 Months 1.50% 1.51%
60 Months (Variable Rate)* 1.99% 2.00%

The Minimum Opening Deposit and Balance Requirement for the 13 Month and the 27 Month is $5,000 and $10,000 for the 57 Month special.

The Minimum Opening Deposit and Balance Requirement for the 60 Month Variable Rate special is $5,000.

*60 Month Variable Rate Special- Fixed APY for ninety (90) days from issue date. Variable rate will be 80% of Federal Funds Target Rate for 57 months. Fed Funds Rate as quoted by Federal Reserve. Early withdrawal penalty is 24 months.

Please see our Disclosure information

Checking and Savings Accounts

Product Interest Rate APY
Charitable Account 0.10% 0.10%
Health Savings Account 0.15% 0.15%
Jackpot Savings 0.03% 0.03%
Savings Accounts 0.03% 0.03%

Please see our Disclosure information

Jumbo Certificates of Deposit

Term Rate APY Minimum Balance
1 - 2 Months 0.10% 0.10% $100,000
3 - 5 Months 0.15% 0.15% $100,000
6 - 11 Months 0.20% 0.20% $100,000
12 Months and Longer 0.25% 0.25% $100,000

The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $25,000 for Terms 72 Months or greater.

Please see our Disclosure information

Kasasa Cash*

Balance Minimum Deposit to Open Interest Rate APY
$100 - $15,000 $0 1.00% 1.00%
$15,000+ $0 0.05% 0.05%
All balances if qualifications not met $0 0.01% 0.01%

Qualifications

Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:

  • Have at least 10 debit card purchases post and settle
  • Be enrolled and receive eStatement notice
  • Have at least 1 direct deposit or 1 ACH auto debit post and settle

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month.

Kasasa Saver*

Balance Minimum Deposit to Open Interest Rate APY
$0 - $100,000 $0 0.20% 0.20%
$100,000+ $0 0.05% 0.05%
All balances if qualifications not met $0 0.01% 0.01%

Qualifications

Qualifying for your Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver® rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:

  • Have at least 10 debit card purchases post and settle
  • Be enrolled and receive eStatement notice
  • Have at least 1 direct deposit or 1 ACH auto debit post and settle

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month.

Money Market

Balance Rate APY
$0.00 - $24,999.99 0.05% 0.05%
$25,000.00 - $49,999.99 0.10% 0.10%
$50,000.00 - $249,999.99 0.15% 0.15%
$250,000.00 and Greater 0.20% 0.20%

Municipal Money Market

Balance Rate APY
$1,000.00 and Greater 0.15% 0.15%