Section R51-5-4 - Loan Application(1) The department shall accept and process loan requests from eligible applicants regardless of race, age, sex, creed, color, religion, national origin, or on any other basis prohibited by law.(2) An applicant shall request a loan in writing on the forms provided by the department.(3) The Executive Committee requires a minimum of 90 days to process, approve, and close a loan.(4) An applicant may request a loan at any time during the program year.(5) Approval of a loan shall be subject to availability of funds. Department loan staff shall impartially consider each loan application on the basis of program objectives and priorities set in place and approved by the Executive Committee and Board.(6) Applicants are encouraged to apply for available federal funds, such as from the United States Department of Agriculture Farm Service Agency, or other cost-share assistance. Adopted by Utah State Bulletin Number 2018-11, effective 5/2/2018Amended by Utah State Bulletin Number 2022-04, effective 2/1/2022