The FINPACK FSA Forms Package allows you to generate the required forms for an FSA Guaranteed or Direct Loan. As a lender, you begin by creating the cash flow projection including the loan(s) you are requesting an FSA Guaranteed Loan for. A monthly or annual cash flow projection (FINFLO) can be completed and utilized for the guaranteed loan request.
Step 1
Once you’ve created or opened your FINFLO Cash Flow Projection in FINPACK, select ‘Plan will be used with FSA forms’ in the General Information data entry section.
Step 2
Another area of data entry will now appear in the left-hand navigation of the cash flow projection. Enter the borrower and loan information related to the guaranteed loan request. The guarantee request can be for a single loan or multiple loans. The details of the loan are entered, including loan type, loan amount, interest rate and repayment details. The loan purpose and collateral details are also inputted. All of these details are then utilized by FINPACK to fill out the applicable FSA loan forms.
Step 3
Once the cash flow projection and FSA loan details have been completed for the guaranteed loan request you will navigate to FSA Forms in the FINPACK navigation tree. Here select FSA Guarantee from the list and then ‘Click here to view FSA forms’.
This allows you to generate the FSA 2211 Application for Guarantee form for submission to your local FSA loan office. Basic details of the applicant and guaranteed loan request are generated in the FSA-2211 form based on the data from the selected FINFLO cash flow projection. You will need to finalize the application by answering the voluntary monitoring information (Part D), the yes/no questions in the applicant eligibility information section (Part E), and the Environmental Information (Part L) in the generated fillable pdf form.
The details of Part M – Lender Information and Certification are also included in the application form. This information is based on the data entered in the FINPACK File Settings by an admin user at your financial institution. The FINPACK Product Support Team can assist if needed.
Utilizing the FSA Loan Package integration in FINPACK can be a helpful tool as agricultural renewal season approaches. As always, reach out to us with any questions or concerns, and we’ll be happy to help!
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Pauline Van Nurden is currently the Associate Director for the FINPACK Team. She has been with the team since 2017 as an Economist.
Prior to joining the FINPACK Team, she worked as a lender. This provides her valuable industry experience and knowledge in her work with FINPACK. Pauline holds a Master’s Degree in Agricultural Education and Bachelor’s Degree in Applied Economics, both from the University of Minnesota.