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Show FmHA Participates In New Operation The Farmers Home Administration Ad-ministration office in Garfield-Kane counties will begin immediately to participate in "Operation assist", Kendall W. Brinkerhoff, county supervisor, announced today. Operation Assist is a new effort by FmHA to help farmers obtain guaranteed operating loans. County Supervisors for FmHA will take completed farm credit applications to local banks or other lenders, along with the farmer wishing to apply for a guaranteed loan. "We will hand carry the applications, ap-plications, and personally introduce the applicant to our local lenders," said Brinkerhoff. "We will present a complete loan package, including cash flows, financial statements, and appraisals. If necessary, we will make a commitment to work with the lender to do an interest buydown. We will do everything we can to help the lender, and the borrower, by committing to guarantee the loan at our maximum 90 percent." While direct operating loan funds are used up in some areas, there is still nearly $800 million available for the guarantee program. County FmHA Officials hope other lenders will make operating credit available under the guarantee, with most of the paperwork done beforehand by FmHA. Borrowers and lenders interested in an FmHA guarantee loan should contact the FmHA county office. |