Inflation Reduction Act Financially Distressed Borrowers Technical Assistance
Department Of Agriculture, Farm Service Agency
The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. Section 22006 of this law provided additional funding to provide relief for distressed borrowers with certain FSA direct and guaranteed loans and expedited assistance to agricultural operations at risk. Section 22007 provided funding for technical assistance regarding farm financial management for historically underserved farmers and ranchers. Financially distressed borrowers require skilled technical assistance providers
Jargon-free version
Helps financially distressed farmers and ranchers get personalized support to overcome financial challenges. Connects them with knowledgeable service providers for tailored assistance.
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What Is This Program?
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Browse Partner Directory๐ Detailed Application Guide
๐What Are the Application Steps & Timeline?
- ๐Steps to Apply
- Visit the application portal
- Complete the application form
- Submit the application
- ๐Application Portal
- https://sam.gov/fal/8dffef90feab49e18a363d3e6ef294db/view
- ๐คSubmission Method
- online
- ๐Intake Type
- rolling
๐What Documents Are Required?
- โ Required Documents
- SF-424 (Application for Federal Assistance)
- SF-424A (Budget Information - Non-Construction)
- SF-424B (Assurances)
- Project Narrative
- Budget Narrative
- ๐Format Requirements
- PDF only, max 10MB
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๐ฐWhat Expenses Are Eligible?
- ๐งพEligible Expenses
- technical assistance costs
- training expenses
- consultation fees
- ๐ซIneligible Expenses
- costs related to lobbying
- expenses for entertainment
- fines and penalties
- ๐Expense Caps
- Administrative costs capped at 15% of total grant amount.
- ๐ณPayment Model
- reimbursement
- โชRetroactive Expenses Eligible
- No
๐คIs Matching Funding Required?
๐What Are the Reporting Requirements?
- ๐๏ธReporting Frequency
- quarterly
- ๐Reporting Requirements
- performance progress report
- ๐Audit Requirements
- OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards.
- ๐ขBranding Requirements
- Acknowledgment of federal funding is required in all materials.
- ๐๏ธRecord Retention Period
- 3 years post-final-report
How Do I Apply?
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
Contact the program administrator for funding details.
This program accepts applications on a rolling basis.
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