Operating and Capital Loans
Short-Term Operating Loans
Short-term
loans are made for general operating expenses such as labor,
feed, seed, fertilizer, repairs, veterinary costs and small
capital purchases. These loans generally involve financing the
production of crops, livestock, or dairy products. Inventory
and commodity loans are made for the purpose of marketing.
Intermediate-Term
Loans
Intermediate-term loans are made for
purchases of machinery, equipment, vehicles, breeding stock
and real estate; farm and home improvements; construction of
livestock facilities; and debt consolidation.
Farm-Related Business Loans
Farm-related business
loans are made to an individual or legal entity engaged in
furnishing custom-type farm-related services related to
on-farm operating needs. Loan purposes include sites, capital
structures, equipment and working capital. Terms: Loan term
corresponds with the normal useful life of the asset financed.
Basic Processing and/or Marketing
Activities
Loans to finance the basic processing and/or
marketing activities related to production of farmers,
ranchers and aquatic harvesters. The activity must be an
extension of farm production such as vegetable packing, seed
cleaning, and ginning.
Young, Beginning, Small Farmer/Rancher Loans
Our loan officers understand the challenges facing agricultural operations, especially new operations. Learn more about how we can help. |
