Payment Deferral Relief Option
This farm loan payment deferral is offered without a fee as of April 1, 2020 and you may choose loan by loan to opt in now or at any time within the current fiscal year. Your elections will apply to all future payments.
Quarterly, Semi-Annual & Annual Payments
Frequently Asked Questions
What is the Payment Deferral Program?
As COVID-19 continues to impact our nation and the world, our team here at Farm Credit of Southern Colorado are intensely aware of the challenges this virus and related economic shock has presented to our customer base. In response to this unfortunate evolving situation, we have created a special relief assistance program to support our customers in this extreme time of need.
This option is offered without a fee as of April 1, 2020 and may be a choice of either loan by loan to opt in now or at any time within the current fiscal year. Your personal elections will apply to all future payments. Feel free to give our team a call today for further answers.
Are leases eligible?
Leases are not eligible for these particular programs. However, please contact your relationship manager or leasing specialist if you would like to request a lease payment deferral.
What info do I need to provide?
In these uncertain times, it is important that we focus on supporting those around us. We sincerely hope this program will help make a difference for you and your family. If you have any questions, please contact your Loan Officer.