We offer a full menu of products designed to meet the credit needs of traditional and agricultural businesses. For information about how we evaluate our business credit requests please read our Business Lending Philosophy. If you require additional assistance, feel free to contact your local branch at any time.
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| Unsecured Line of Credit | Secured Line of Credit | Commercial Real Estate Term Loan |
Business Assets Term Loan |
|
|---|---|---|---|---|
| Description | Line of Credit with no collateral |
Line of Credit with collateral |
Term Loan Secured by Real Estate | Term Loan Secured with Business or Farm Assets |
| Purpose | Short-term working capital, inventory, or payroll |
Short-term operating expenses or small capital expenditures |
Facility purchase, expansion, long-term working capital or refinance |
Purchase equipment, livestock, vehicles, inject working capital, or consolidate business debt |
| Amortization 1 | Up to 1 Year Term |
Up to 1 Year Term | Up to 25 years | Up to 7 years |
| Amount | $3,000 to $250,000 |
$3,000 to $250,000 |
$3,000 to $250,000 |
$3,000 to $250,000 |
| Collateral | Unsecured | Equipment, Inventory, Livestock, Crops and other Business or Farm Assets including Unencumbered Real Estate | Unencumbered Real Estate |
Equipment, Livestock, other Business or Farm Assets |
| Payment Terms | Interest only, balloon at maturity |
Interest only, balloon at maturity |
Principal & interest payments, based on structure |
Principal & interest payments, based on structure |
| Rate Terms | Variable rate, based on Daily Wall Street Journal Prime |
Variable rate, based on Daily Wall Street Journal Prime |
Fixed or Variable rate options |
Fixed or Variable rate options |
| Rate As Low As 2 | WSJP + 3.75% (currently 7.00%) |
WSJP + 1.00% (currently 4.25%) |
Currently as low as 4.07% |
Currently as low as 4.32% |
| Rate Floor/Ceiling | Subject to Credit Approval |
Subject to Credit Approval |
Subject to Credit Approval |
Subject to Credit Approval |
| Origination Fee 3 |
.50% of line amount, or $100, whichever is greater |
.50% of line amount, or $100, whichever is greater |
1.00% of loan amount, or $100, whichever is greater |
1.00% of loan amount, or $100, whichever is greater |
| Annual Renewal Fee |
.25% of line amount or $100, whichever is greater |
.25% of line amount or $100, whichever is greater | N/A | N/A |
| Deposit Account Required |
Yes | Yes | No (Encouraged) | No (Encouraged) |
- Based on request details, shorter amortization periods may apply.
- Subject to credit approval. Rates current as of . Rates subject to change without notice.
- Other fees including third party closing costs, collateral appraisal, insurance, or annual fees may apply.