AGRICULTURE LOANS
Our wide range of agricultural loans are designed to meet your unique needs at any stage of your farming operation. Agricultural financing is a specialty of First State Bank (FSB). We make a variety of loans that are tailored to the life and business of farming, as well as to agri-businesses which serve them.
- Agriculture Real Estate Loans – Whether you’re financing a new land purchase, refinancing a current mortgage or land contract, or making farm improvements, FSB has been making competitively priced farm real estate loans for many years and can assist you every step of the way.
Terms & Rates
We offer both fixed and variable rates with amortizations up to 30 years.- Fixed rates can provide great stability and a predictable payment schedule
- Variable rates change with market conditions however, they typically provide a lower rate which results in interest savings over the life of a loan
- OR spread your risk according to your own level of comfort by placing part of your loan on a fixed and part on a variable rate, thereby maximizing your interest rate protection- Annual, semi-annual, quarterly, or monthly payment schedules
- Fully or partially amortized loans- Farmer Mac, Farmer Mac II, Farm Service Agency Guarantees are available
-
- Operating Line of Credit – The timing of input costs and expenses are different for every farm operation. Which is why we design your operating loan to fit the way you produce and market. Our revolving line of credit provides you with optimal cash management. You control the use of your funds, borrowing and repaying as often as you like. This enables you to manage your cash needs and minimize interest costs since interest only accrues as funds are used.Terms & RatesChoose from annual, semi-annual, or monthly payment schedules. We offer fixed rates providing you with maximum rate stability. Each year, your loan officer will work with you to evaluate your cash needs and provide smooth and easy renewal of your operating loan.
-
- Facility Loans – FSB offers facility financing with highly competitive rates, fast approval and convenient options. We provide financing expertise for your livestock facilities, equipment shops, machine sheds, grain storage and grain drying needs.
Terms & Rates
We offer a variety of unique rate and term options as well as payment flexibility.- Choose highly competitive fixed or variable rates to meet your financing needs
- Annual, semi-annual, quarterly, or monthly payment schedules
- Fully or partially amortized loans
- Under most conditions: No prepayment penalties, allowing you to pay off your loan early to save interest expense!
- Facility Loans – FSB offers facility financing with highly competitive rates, fast approval and convenient options. We provide financing expertise for your livestock facilities, equipment shops, machine sheds, grain storage and grain drying needs.
- Equipment Loans – Our loans give you more than just a competitive interest rate. You’ll also get options tailored to the needs of your operation. Plus, you’ll enjoy convenient payment plans matched to your seasonal cash flow. Whether purchasing new or replacing outdated equipment, refinancing after a manufacturer’s introductory rate has expired, or investing in other assets to grow your operation, FSB can help with financing while preserving your working capital.
Terms & Rates
We offer a variety of fixed rate options as well as payment flexibility. Repayment schedules are tied to the useful life of the asset, allowing your business’s cash flow to support expansion needs.- Annual, semi-annual, quarterly, or monthly payment schedules- Fully or partially amortized loans
- Under most conditions: no prepayment penalties, allowing you to pay off your loan early to save interest expense!
- Conversion features are available. If your financial needs change, you can modify your loan with one of our experienced loan officers.