The maximum term of the loan guarantee is:
5 Years |
10 Years |
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Equipment |
Land (Acquisition and Improvements) | ||
Machinery |
Building (Acquisition and Improvements) | ||
Livestock |
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NOTE: Separate Notes must be executed for five-year assets versus ten-year assets. For refinanced notes, the term will be determined based on the useful life of the assets financed by the original Note.
