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Agricultural Loans

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Whether you want to start or grow your farm, we’re here to help. We will take the time to learn about your operation and how we can work together to meet your goals of growth and financial stability. When it comes to agriculture, no two operations are the same, which is why we will create a plan unique to you.

Loan Comparison Details

Best UseTermMinimum Monthly PaymentCollateral


Term Loans

Best Use


Finance equipment, vehicles, irrigation systems, grain storage and handling systems, livestock, and more.

Term


Up to 7 years

Minimum Monthly Payment


Principal and interest based on amortization.

Collateral


Equipment, vehicles or farm assets


Ag Real Estate Mortgage

Best Use


Purchase your home base of operation, purchase additional land, or renovate current facilities.

Term


Varies

Minimum Monthly Payment


Principal and interest based on amortization.

Collateral


Commercial, residential, or multi-family real estate


Ag Checking Plus

Best Use


A short-term working capital revolving line of credit that attaches to your business checking account.

Term


Open-end

Minimum Monthly Payment


Interest-only payments

Collateral


Typically unsecured; may require collateral


Ag Line of Credit

Best Use


A flexible short-term credit for operating expenses or small capital expenditures such as annual crop production expenses.

Term


Varies

Minimum Monthly Payment


Interest-only payments

Collateral


Real estate and/or farm assets


USDA Farm Service Agency Guaranteed Loans

Best Use


Numerous programs including operating, term, and real estate loans. Learn More about USDA loans

Term


no

Minimum Monthly Payment


no

Collateral


no

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How to Apply

You deserve timely decisions on your business lending application. To help us expedite the process, please come prepared with the following required documents.

Existing Operations

  • 3-5 years of business and personal (if separate) tax returns
  • 3 years of FINPACK financials (if applicable)
  • Personal Financial Statement
  • Articles of Incorporation/Organization (if applicable)

New Operations

Congratulations on deciding to start your own ag operation! Our lenders understand the local market and can help review your business plan and can customize a loan to meet your individual needs.

To get started, we will ask for the following information:

  • Business plan (including, but not limited to: business description, industry analysis, and analysis of competitors, market analysis, marketing plan, management plan and a financial plan)
  • 3-5 years of projected revenues and expenses
  • 3 years of personal tax returns
  • Personal Financial Statement
  • (if applicable) Certificate of Assumed Name and official Federal Tax ID confirmation (apply for an ID)
  • (if applicable) Articles of Incorporation/Organization

Timeline

After we receive your information, we can usually give you an answer in a matter of days. Once approved, the loan can be closed anywhere from a couple days to a couple months, depending on the type and complexity of the loan.

Information accurate as of 3/16/19, and may be subject to change. All loans are subject to credit and underwriting approval. Other terms and conditions may apply.
United Community Bank NMLS 421829