Ag Loans
Loans Built for Local Farmers
Farming is a way of life in southern Minnesota. First Security Bank is here to support our local farmers with ag loans built around their specific and unique borrowing needs. From purchasing property to maintaining cash flow, our lenders understand your lending needs and can provide you with the lending solution to meet those needs. Please call (507) 775-2316 or contact us online to speak to a member of our lending team.
Our Ag Loan Offerings
Purpose | Repayment Terms | Interest Rates | Collateral Required | |
|---|---|---|---|---|
Ag Real Estate Loans | - Financing for purchasing farmland, buildings, or agricultural properties. | - Long-term loans (up to 30 years). | - Fixed or variable rates. | - Typically secured by the asset being financed. |
Operating Lines of Credit | - Short-term working capital to cover day-to-day expenses (e.g., seed, fertilizer, labor). | - Repaid within a year or a single production cycle. | - Flexible access to funds. | - May not require collateral, but terms vary. |
Term Loans | - Funding for fixed assets (e.g., equipment, new buildings). | - Short, intermediate, or long-term loans (1 to 30 years). | - Fixed or variable rates. | - Requires collateral and rigorous approval process. May involve substantial down payments. |