USDA Express Loan Act of 2026

This bill changes a federal farm and rural loan law. It requires the Secretary of Agriculture to give lenders a short, simplified application form for guaranteed farm real estate and operating loans of up to $1,000,000, and to tell certain approved lenders within 5 business days whether a complete application is approved or denied. It caps the share of these loans the government may guarantee at 90 percent for loans up to $125,000, 75 percent for loans up to $500,000, and 50 percent for loans up to $1,000,000. It also requires a faster application process for rural business and industry guaranteed loans up to $400,000, or up to $600,000 if the Secretary finds no significant added risk of default.

Full text and official record on Congress.gov

Sponsors

• Brad Finstad Republican sponsor
• 1 cosponsors