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