USDA Express Loan Act of 2026 streamlines loan approval for rural entities.
The USDA Express Loan Act of 2026 amends the Consolidated Farm and Rural Development Act to expedite the approval of certain loans and loan guarantees. It introduces a simplified application form for real estate and operating guaranteed loans up to $1,000,000 and accelerates the processing of business and industry guaranteed loans up to $400,000 for rural entities. If there is no significant increased risk of default, the accelerated process applies to loans up to $600,000.
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