FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentLoan Comparison Details
| Best Use | Term | Minimum Monthly Payment | Collateral | |
|---|---|---|---|---|
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 |