24 NCAC 02B .0102. ELIGIBLE BORROWERS

Eligible borrowers are applicants who demonstrate to the Authority that they satisfy the following criteria: (1) Need for an agricultural loan to finance agriculture or agribusiness; (2) Ability to repay the loan is demonstrated; (3) Collateral for the loan is sufficient; and (4) Can meet any other requirements which may be imposed by the Authority, or FmHA in the case of guaranteed loans, in the exercise of sound banking practices.