Comparison should include an analysis of various loans (e.g., Farm Storage Facility Loan Program, Farm Operating Loans, Farm Ownership Loans, Fisheries Finance Program, On- or Off-Farm Labor Housing Loans and Grants, term loans, input financing, agribusiness loans, asset financing, livestock financing) and their conditions and costs, such as

• annual percentage rates
• finance charges
• monthly payments
• annual fees
• transaction fees
• installments or repayment terms of the loan.

Process/Skill Questions:

• Why is it important to consider the costs involved in borrowing money?
• Why is it important to compare lenders and loan types when considering taking on debt to finance one’s business?
• How are loans helpful for owners looking to expand their inventory?