Ag Loans
Financing That Understands the Way You Farm
Agriculture is more than a business, it's a way of life here in southern Minnesota. At First Security Bank, we're proud to support the farmers and families who keep our community growing. Our ag lending solutions are built with that in mind, offering the flexibility and guidance you need through every season.
Whether you're purchasing land, upgrading equipment, or managing day-to-day cash flow, our lenders take the time to understand your operation and your goals. Give us a call at (507) 775-2316 or contact us online to connect with our ag lending team, we're here to support you for the long haul.
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. |
Kevin S.
Senior Vice President Ag & Commercial Lender
NMLS: 756164
Contact Kevin today to learn more about your options and how we can help support your operation, (507) 775-2316.