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U.S. Department of Agriculture › Government-Backed Loans

Foster Garvey PC

A New Source of Government-backed Financing For U.S. Food Supply Chain Businesses

Foster Garvey PC on

The United States Department of Agriculture (USDA) recently unveiled a new loan program for loans that are guaranteed by the USDA. These US government backed loans should encourage participating lenders to lend more funds —...more

Bradley Arant Boult Cummings LLP

Commercial Lenders Take Note: Insurance May Not Cover Fraudulent USDA Guarantees for Business & Industry Loans

Bradley Arant Boult Cummings LLP on

A Wisconsin federal court recently held that forged USDA loan guarantees did not trigger coverage under a bankers blanket bond held by Wisconsin-based Citizens Bank, resulting in a $15 million loss to the bank. Atlantic...more

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