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USDA Loan Guarantee Application Packaging Services

Comprehensive guidance on USDA pre-application and application services to save you time and cost, from USDA experts and Stearns Bank. 

As a National USDA Multi-State Preferred Lender with direct federal agency connections, Stearns Bank can avoid delays in processing USDA loans, including the B&I, Community Facilities, Biorefinery and Renewable Chemical and Biobased Products Manufacturing Assistance Program (USDA 9003) and Rural Energy for America Program (REAP).

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USDA Loan Packaging Services

Determine Eligibility

Experts assist you in calculating the total project cost and, ultimately, the borrower cash contribution needed for a USDA loan guarantee.

  • USDA REAP Blog

    Identification of the program that best fits your project, resources and timing
  • Estimation of the equity injection that fits your project (up to 25% required on some USDA applications)
  • Determine total cost considerations, which include (but are not limited to):
    • Feasibility studies
    • Business plans
    • Technical engineering
    • Appraisals
    • Environmental assessments

Sourcing Your Cash

Experts assist you in sourcing the cash contribution for your loan.

  • ClosingLoanCoordination of supplemental cash contribution resources to meet the equity requirement
  • Direction in sourcing unique tax credit and investors that meet USDA regulations, such as:
    • New Market Tax Credits investors
    • Qualified Opportunity Zone investors
    • Commercial Property Assessed Clean Energy (CPACE)

USDA Blog No. 3

Application Loan Packaging Services

  • Referral to required professional independent consulting services as needed
  • Assistance in the completion of application requirements as needed for USDA loans





The Stearns Bank Difference

  • Check markExperienced USDA Multi-State Lender
  • Check markResponsive personal support
  • Check markNationwide reach
  • Check markFast decisions and prompt answers
  • Check markDedicated employee owners
  • Check markFull service banking options

Meet One Of Our Experts

Bill Hagy, Stearns Bank's leading USDA industry expert, has 45 years of combined experience at the U.S. Department of Agriculture, providing assistance to:

  • Rural businesses 
  • Cooperatives
  • Non-profit organizations 
  • Tribal governments 
  • Towns & cities 
  • Institutions of higher learning
  • Agriculture producers

During his first 37 years at the USDA, Bill progressed from Assistant County Supervisor to serving as Acting Under Secretary for Rural Development and spent three years as the Special Assistant for Renewable Energy. 

USDA Lending Expert

Get in touch with David Feriancek
David Feriancek
SVP, National Lending
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USDA Rural Development Loan Resources