FGP Fees

Click here for instructions on how to remit fees.

Letter of Interest Fee

In accordance with 7 CFR Section 1493.300(a), the applicant must submit a letter of interest fee with each letter of interest.  The current fee is $200.

Initial Application Fee

In accordance with 7 CFR Section 1493.300(b), the applicant must submit an initial application fee with each initial application for a payment guarantee.  If the applicant previously submitted a letter of interest (with fee) for the proposed transaction, the initial application fee is $800.

If the applicant did not previously submit a letter of interest (with fee) for the proposed transaction, then the initial application fee is $1000.

Guarantee Fees

Guarantee fee rates for the FGP Program are available on the FGP Program Fee Calculator.  Guarantee fee rates are issued in accordance with 7 CFR Section 1493.300(c).   Click here to access the FGP Fee Calculator.

FAS will consider guarantee coverage of transactions with greater than five (5) year tenor and/or guarantee percentage of less than 100% at the request of the seller.  To request a fee rate associated with a tenor greater than five (5) years or a guarantee percentage less than 100%, or for any other questions related to fees, please contact the FAS Registrations and Operations Branch at (202) 720-3224 or by email at GSM.Registrations@fas.usda.gov, or click here for a list of program contacts.

Program participants are advised that fee rates may change at any time.  Future modifications to guarantee fee rates will be made available in the fee calculator at approximately 9:00 a.m. EST on the day new fee rates are effective.

Repayment Schedule Details:

For semi-annual principal repayment terms:
6 month tenor:  full repayment at 6 months.
12 month tenor:  1/2 of principal due every 6 months.
18 month tenor:  1/3 of principal due every 6 months.
24 month tenor:  1/4 of principal due every 6 months.
30 month tenor:  1/5 of principal due every 6 months.
36 month tenor:  1/6 of principal due every 6 months.
42 month tenor:  1/7 of principal due every 6 months.
48 month tenor:  1/8 of principal due every 6 months.
54 month tenor:  1/9 of principal due every 6 months.
60 month tenor:  1/10 of principal due every 6 months.

For annual principal repayment terms:
12 month tenor:  full repayment at 12 months. 
18 month tenor:  2/3 at 12 months, remaining 1/3 at 18 months.
24 month tenor:  1/2 of the principal due annually. 
30 month tenor:  2/5 of principal payable annually through year 2; final 1/5 principal payment due at 2.5 years.
36 month tenor:  1/3 of the principal payable annually.
42 month tenor:  2/7 of principal payable annually through year 3; final 1/7 principal payment due at 3.5 years.
48 month tenor:  1/4 of the principal payable annually.
54 month tenor:  2/9 of principal payable annually through year 4; final 1/9 principal payment due at 4.5 years.
60 month tenor:  1/5 of the principal payable annually.