Financing for Area Farmers and Agribusinesses
Farms and agribusinesses are the backbone of our community and a key driver of local growth. We’re proud to support the people who keep this industry strong by offering a full range of agricultural loan options designed to meet your unique needs.
Whether you’re expanding your operation, upgrading equipment, or managing seasonal expenses, our experienced lending team is here to help you access the financing and guidance to keep your business growing.
Ag Loan Options at State Bank
| Loan Type | What You Need to Know About This Loan |
|---|---|
| Ag Real Estate Loans | Partner with State Bank to get the ag real estate loan with the right terms and rates to make your operation run smoothly and efficiently. We are here to assist you with the purchase or refinance of ag real estate of all types. |
| Ag Operating Lines of Credit | Your line of credit is a critical component of your farm, serving to support your working capital needs. Draw on the line of credit when you need it to meet the seasonal cash flow demands of your unique operation. Coupled with an automatic sweep feature, this product automatically minimizes your interest expense. |
| Equipment Loans | These loans are used to purchase the equipment you need for your farm. From large pieces of equipment like combines and tractors, to smaller implements, these loans help you get the equipment financing you need. |
| Livestock Loans | If you’re planning to increase the head count of livestock on your farm, we can finance the purchase of feeder or breeding livestock. Depending on the livestock being purchased, these loans have customized maturity dates and payment terms structured around your cash flow. |
| Grain Inventory Loans | A grain inventory loan gives producers marketing flexibility … you can price your grain when you want and deliver it to whomever you choose. Grain inventory loans allow you to take advantage of market-carry and basis improvement to increase your net price per bushel. These unique loans are due when the last of the grain is expected to be marketed. |
| Illinois Ag Invest Program Loans & Linked Deposit Program Loans | Ag Invest Program Loans are offered through our partnership with the Illinois Treasurer’s Office. These below-market fixed-rate loans can be used to purchase equipment, secure a line of credit, purchase land, and cover construction costs. |
| Beginning Farmer Loans | These loans are offered through our respective partnership with various local county FSA officials and are designed to help beginning farmers overcome the increasing barriers-to-entry that they face. |
| FSA Guaranteed Loans | These loans are offered through our respective partnership with various local county FSA officials and can be utilized by all producers to obtain favorable terms, including long-term fixed rates and favorable loan structure. Our lenders are exceptionally well-versed in the assisting producers gain access to this valuable set of tools. |
Schedule an Appointment with an Ag Lender at State Bank
Call or come by our office location in Freeport to schedule an appointment with one of our ag lenders to go over your financing needs.