Areas Served: Statewide Georgia
The Georgia Development Authority (GDA) is ready to serve you.
Our service is available in every county in Georgia.
Over 100 lenders, Banks, Savings & Loan Associations, and Retirement Systems participate in our insured farm loan program.
The Georgia Development Authority was created in 1953 by the Georgia Legislature to help develop opportunities for Georgia farmers.
Loan Long Term: 5 to 30 Years – Prime Variable Rate Program Fixed Rate Program (When Available) Interest Rates: Variable Rate: – Prime plus ½% adjusted annually (5.5% Floor) – LIBOR plus 2.0% adjusted annually Fixed Rate: When Available Collateral Requirements: 1st mortgage on real estate required.
Will consider chattels on operations such as dairy / poultry or properties with pivot irrigation systems.
Loan Size Limitations: Variable rate loans are limited by Board discretion.
Current limit is $1,200,000. Eligible Purposes: Buy land, irrigation equipment & wells, build or repair farm buildings, purchase equipment and machinery, build farm ponds, establish permanent pasture, establish livestock operations, refinance debts, specialized buildings for poultry, swine, dairy & beef operations.
Contact InformationGeorgia Development Authority
Address: 1890 Highway 138
City: Monroe
State: Georgia
Website:
http://gdaonline.com/loan_programs.htm
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