Farm Credit of Western New York: Financial Solutions: Special Options

Special options at a glance

Purpose	For Example...	Key Benefits
Electronic transactions	Direct Deposit Checking	• Fast, easy money management • We deposit funds directly into your checking account from your line of credit. • You never see a check!
	Direct Payment Program	• Fast, easy money management • Just give us a call. We transfer your loan payment from your business checking account and apply it to your Farm Credit loan balance.
Personal draft account	Draftline	• Easy access to your line of credit • Write your own draft whenever you need to make a business purchase (e.g., for seed or equipment)
Special programs	Young, Beginning and Small Farmer Program	The demands for capital and financial management make starting a new agricultural business difficult. That's why we offer a special loan and financial services program to young farmers (under 35 years old) and beginning and small farmers (with less than 10 years of farming experience). We are interested in talking to farmers with a: • solid business plan • likely potential for success • willingness to work hard Loans We offer flexible loan terms, and in some circumstances, we will waive fees on: • FSA guaranteed loans • Loan closings Financial services In addition, we also offer discounts on many financial services, including: • Agrifax® record-keeping • Tax preparation • Business consulting
	Guaranteed Loan Program	Farm Credit of Western New York is committed to helping people enter agriculture. • We'll help you prepare and submit an application to the Farm Services Agency for a guaranteed loan if your financial picture is not all that it could be. • You'll need to meet FSA conditions to be approved for a loan.
	State Programs	Farm Credit loan officers will work with you to find state-run programs designed to help businesses like yours. An example is zero-interest loans for labor housing projects. Click here to learn more about the Farmworker Housing Program. Click here to learn how a dairy benefited from this program.