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Small Business  Agriculture

Agricultural Lender Update - February 2007

Changes to CROP Application Fees

Effective February 1, 2007, CROP application fees will be changing. For any applications received on or after February 1, 2007, the new fee schedule will be:

• $300 on aggregate loan amounts of less than $40,000
• $500 on aggregate loan amounts of $40,000 or more

Application fees are due at the time an application is submitted. Application fees can continue to be financed as part of the CROP loan; however, they are not eligible for a guarantee.