Agricultural Loans
- Let American National Bank and the Farm Service Agency assist you in your farm purchase or operating loan.
- Guaranteed loan applicants are beginning farmers who do not qualify for conventional loans because of insufficient net worth, or established farms that have suffered financial setbacks from natural disasters or economic downturns. Many applicants are also part-time farmers who have full-time employment outside the farm.
- With a Guaranteed Farm Ownership Loan (FO) you can purchase Farmland, build or repair buildings and other fixtures, and also refinance existing debt.
- Loan terms up to 30 years.
- Competitive loan rates.
- Closing costs may be included in the loan.
- Monthly, quarterly, semi-annual, or annual repayment programs.
- Equity requirements may be as low as 10%.
- Loan amounts up to FSA maximum.
- With a Guaranteed Operating Loan (OL) proceeds may be used to purchase or lease items needed for a successful farm operation, such as livestock, farm equipment, feed, seed, farm chemicals, insurance or other operating expenses. Under certain conditions these loans can be used for family subsistence, and to refinance other debt.
- Loan terms up to 7 years.
- Competitive loan rates.
- Monthly, quarterly, semi-annual or annual repayment programs.
- Equity requirements as low as 10%.
- Loan amounts up to FSA maximum.
