Farm Equity Line-of-Credit

Having money available when you need it at a great rate is possible with our Line-of-Credit. Once you are approved for your line, you may use it for any agricultural or business purpose. You will no longer fear that your local lender will not approve next year’s operating requirements. You may use it as an operating line and pay it off annually or if the right parcel goes to auction, you can grab it knowing you have immediate access to your funds.

Our real estate backed line-of-credit has a 10-year draw period and 30-year term, so that you can concentrate on growing your business instead of going to your bank every year to re-apply for operating funds. With rates starting around 2.60% and interest-only payments during the draw period; our line-of-credit is the industry leader.

You may pay your line down any time. Interest is charged only on the outstanding balance. You may withdraw funds 2 times per month. It is easy since funds are wired directly to your bank account within 24 hours of request.

The multi-year draw period gives you total control of the funds, and there is no requirement to pay off the LOC every year. Additionally, provided that interest is paid every year, the line cannot be reduced or limited for the entire 10-year period. We do not require an annual credit review or updated financial statements. Using the LOC is as easy as writing a check which means you do not need prior authorization to buy land at auction, purchase fertilizer, or buy grain. Any remaining balance at the end of the draw period will convert to a 20-year mortgage, giving you time to repay without making major changes to your operation. This line-of-credit is secured by the real estate only, so there is no encumbrance of crops, livestock, or equipment. This gives you the freedom to use theses assets for other credit lines with a local bank, seed vendor, or equipment dealer.

  • 10-year draw period
  • No annual credit review or financial statements
  • Secured only by real estate, not crops, livestock, or equipment
  • Converts to 20-year mortgage after draw period
  • No requirement to pay off balance annually
  • 680 minimum credit score
  • $200,000 minimum loan amount when combined with amortized mortgage
  • $500,000 minimum loan when stand alone, must be first mortgage
  • Up to 50% loan to Value
  • Maximum debt to asset ratio of 50%