The applicant:
Must comply with general eligibility requirements specified in § 764.101 except paragraphs (e) and (k) of that section;
And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan; and
Must be the owner-operator or tenant-operator of a farm and be engaged in agricultural production after the time of loan is closed. In the case of an entity:
The entity is controlled by farmers engaged primarily and directly in farming in the United States;
The entity must be authorized to operate a farm in the State in which the farm is located.
[Reserved]
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