7 CFR §771.11
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A complete application will consist of the following:
- (a)An application for Federal assistance (available in any FSA office);
- (b)Applicant's financial projections including a cash flow statement showing the plan for loan repayment;
- (c)Copies of the applicant's authorizing State legislation and organizational documents;
- (d)List of all directors and officers of the applicant;
- (e)Copy of the most recent audited financial statements along with updates through the most recent quarter;
- (f)Copy of the referendum used to establish the assessments and a certification from the Board of Directors that the referendum passed;
- (g)Evidence that the officers and employees authorized to disburse funds are covered by an acceptable fidelity bond;
- (h)Evidence of acceptable liability insurance policies;
- (i)Statement from the applicant addressing any current or pending litigation against the applicant as well as any existing judgments;
- (j)A copy of a resolution passed by the Board of Directors authorizing the officers to incur debt on behalf of the borrower;
- (k)Any other information deemed to be necessary by FSA to render a decision.