Meet your farm and business needs with a convenient, flexible Ag Equity line of Credit. Backed by your real estate equity, this loan will meet your operating expense at half-the cost of typical seasonal operating loans. And, it saves money and time. There are no annual renewals or refinancing fees. A premium product for sure… Ag Equity lines give you the best of both worlds in terms of interest rate management. This Libor-indexed product offers the lowest rate available in the market. But it also allows you the option to convert balances to fixed rates should you choose.
Key things to know:
- Funds can be used for farm and business purposes, including living expenses
- Borrow up to 50% of your farm real estate value
- Unlimited draws with no fees
- Repayments are allowed any time without penalties or fees
- Draw periods of either 5 or 10 years
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