DCURLS2156 DCURLS2156

04-01-2024
Business

contestada

A 17 year old youth loan applicant is requesting a $7,500 term OL to buy a used combine to refurbish for a FFA project. The loan official should:
A. Reject the loan request because it exceeds the loan limit for youth loans, but work with the applicant to find a possible alternative request that is within the loan limits
B. Switch the application to an annual OL request
C. Reject the application because this is not considered a farming enterprise
D. Work up the request and approve the loan

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