By Minnesota Department of Agriculture
The Seller Assisted Loan Participation Program is a cooperative financing effort involving a buyer, a seller, a local lender, and the Minnesota Rural Finance Authority. Under this program, each seller actively participates in financing the sale of their farm by providing a portion of the financing. An applicant must be a resident of Minnesota, certify that they will be the farm operator and agree to enroll and continue in an approved farm business management program for the first three years of the loan, if an approved program is available within 45 miles of the borrower's residence. Other eligibility requirements may apply.
Website |
http://www.mda.state.mn.us/grants/loans/seller.aspx |
Contact |
Ryan Roles Ryan.Roles@state.mn.us (651)201-6666 |
Minnesota