Nebraska Bank offers five different types of agricultural loans to help out our local farmers. These various loans include real estate loans, equipment loans, livestock loans, FSA loans, and operating lines of credit. In this blog we will walk you through each of these agricultural loans and how they may benefit you.
Agriculture Real Estate Loans
Ag Real Estate Loans are your standard term loan to help you get the real estate you need for your operation. The benefits of this loan through Nebraska Bank includes:
- Competitive rates for the purchase, refinance, or construction of agricultural properties
- Available for owner-occupied or investment properties
- Lending professionals with working knowledge of the local ag real estate market
- Flexible repayment terms tailored to the needs of your business
- Local decisions made here in Nebraska
- Friendly and responsive service focused on you, from start to finish
Equipment Loans
We know that having reliable and working equipment is important to your success as a farmer. It’s not always easy to afford, however. We can help with competitive interest rates and terms that allow for you to keep more of your working capital. The benefits of an Equipment Loan through Nebraska Bank includes:
- Competitive rates for new or used ag equipment
- Meet needs without cutting into working capital or savings
- Stay ahead of the competition
- Avoid lapsed periods in production and outdated equipment
- Flexible repayment terms tailored to the needs of your ag business
- Local decisions made here in Nebraska
- Friendly and responsive service focused on you, from start to finish
Livestock Loans
Getting the livestock you need for your operation is important. Here at Nebraska Bank, we want to offer you the loans you need at an affordable rate - some of the benefits include:
- Competitive rates for the purchase of livestock
- Lenders with understanding of local agricultural standards
- Willingness to work with operations of all shapes and sizes
- Flexible repayment terms tailored to the needs of your operation
- Local decisions made here in Nebraska
- Friendly and responsive service focused on you, from start to finish
Farm Service Agency (FSA) Loans
FSA loans can help you secure affordable financing for a wide range of your agricultural needs. There are many different types of FSA loans available and each of them serve a different purpose and will help you in a different way. Some of the benefits of FSA Loans include:
- Designed to help both new and established family-sized farms receive financing
- Competitively low rates to meet a wide range of agricultural needs:
- Land
- Livestock
- Equipment
- Feed
- Seed
- Supplies
- Building construction
- Farm improvements
- Land
- Two types of farm operating loans available
- Flexible repayment terms tailored to the needs of your operation
- Local decisions made here in Nebraska
- Friendly and responsive service focused on you, from start to finish
Check out this comparison chart to find out which loan is right for you.
Operating Lines of Credit
Farming is a small business - and business’ needs change like the seasons. An operating line of credit will help keep you prepared for anything. Some of the benefits of an Agricultural Operating Line of Credit include:
- Competitive rates for a range of long-term or seasonal agri-business needs:
- Seasonal fluctuations
- Inventory
- Working capital
- Ongoing updates
- And more
- Seasonal fluctuations
- Enjoy greater financial flexibility
- Funds available as you need them — apply once then use again as needed
- Revolving credit — as principal is repaid, more becomes available for use
- Only pay interest on amount that's used
- Funds are easily accessible via check
- Flexible repayment terms tailored to the needs of your ag business
- Local decisions made here in Nebraska
- Friendly and responsive service focused on you, from start to finish
Closing
There are many types of agricultural loans and lending options, and each has a different purpose and can be helpful to farmers and ranchers in any season. To talk with an associate about what type of agricultural loan is right for you, contact one of our 9 branch locations.
For more information about the types of loans we offer at Nebraska Bank, visit our website to find the nearest branch to you or call us directly!
Member FDIC. Equal Housing Lender.
May, 2023