The USDA Express Loan Act of 2026 streamlines the agricultural lending process by requiring faster approval timelines and simplified applications for farm loans. Specifically, the bill requires the Department of Agriculture to notify lenders within 5 business days whether applications for farm ownership or operating loans up to $1 million are approved or rejected, provided the applications are submitted by preferred lenders and are complete. The legislation also establishes a new expedited application process for business and industry loans to rural entities up to $400,000 (or $600,000 if low-risk), designed to accelerate approval as much as possible. The loan guarantees vary by loan size, ranging from 90 percent for smaller loans up to $125,000 down to 50 percent for larger loans between $500,000 and $1 million. This bill aims to help farmers and rural businesses access credit more quickly by reducing bureaucratic delays in the USDA lending process.
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