Eligibility requirements
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) The applicant:
(1) Must comply with general eligibility requirements specified in § 764.101 except paragraphs (e) and (k) of that section;
(2) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan; and
(3) Must be the owner-operator or tenant-operator of a farm and be engaged in agricultural production after the time of loan is closed. In the case of an entity:
(i) The entity is controlled by farmers engaged primarily and directly in farming in the United States;
(ii) The entity must be authorized to operate a farm in the State in which the farm is located.
(b) [Reserved]
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.