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AGRICULTURAL LOANS AVAILABLE FOR YOU! |
Revolving Line of Credit
Allows you to borrow, repay, and re-borrow funds throughout the term of the loan. Typically used to purchase crop inputs, feeder livestock, or feed.
- Pre-approved credit available whenever you need it.
- Credit lines available in an amount to serve your needs.
- Able to repay and re-borrow at your convenience.
- Flexible repayment terms with principal and interest paid monthly, semi-annually, annually or anytime (no pre-payment penalty) by maturity.
- Contact Us!
Non-Revolving Line of Credit
Allows you to borrow up to a pre-determined amount. Used to cover construction costs or start-up financing.
- Pre-approved credit available whenever you need it.
- Credit lines available in an amount to serve your needs and repayment ability.
- Flexible repayment terms with interest billed monthly until permanent financing is established. (No pre-payment penalty)
- Contact Us!
Personal Property Loans
Used to purchase breeding livestock and machinery.
- Easy-to-budget fixed payments.
- 3 to 7 year amortization.
- Secured by livestock and machinery.
- Contact Us!
Real Estate Loans
Used to purchase land or for building construction and renovation projects.
- Easy-to-budget fixed payments.
- 10 to 20 year amortization.
- Secured by real estate.
- Contact Us!
Farm Service Agency (FSA) Guaranteed Loans
Mound City Bank works extensively with guaranteed loans and has obtained Preferred Lender Program (PLP) status to better serve you.
- Used by farmers who do not qualify for conventional financing.
- The money is borrowed from the bank.
- Our qualified lending personnel complete all loan documentation.
- FSA guarantees up to 90% of any losses on the loan to the bank.
- Lines of credit, personal property loans, and real estate loans available.
- You may qualify for a 4% interest subsidy.
- Contact Us!
FSA Beginning Farmer Down Payment Loans
- Program for qualified beginning farmers to purchase land up to a purchase price of $250,000.00.
- Applicant must make a 10% cash down payment.
- FSA directly lends 40% of purchase price with a 15-year term and a fixed interest rate of 4%.
- Mound City Bank lends 50% of the purchase price with a 30-year amortization.
- Used in conjunction with the WHEDA Beginning Farmer Bond loans.
- Contact Us!
Wisconsin Housing and Economic Development Authority (WHEDA) Loans
- WHEDA CROP loans provide a 90% guaranteed loan up to $30,000.00 for expenses for farmers who do not qualify for conventional financing.
- WHEDA Beginning Farmer Bond loans offer lower interest rates to qualified farmers to purchase your first farm, including land, equipment, livestock, or buildings.
- WHEDA FARM is a guaranteed loan program for producers who wish to expand or modernize an existing operation.
- Contact Us!
Secondary Market Fixed Rate Agricultural Mortgages
- 1,3 and 5 year Adjustable Rate mortgages.
- 5, 10, 15 and 20 year Fixed Rate mortgages.
- Other fees and restrictions may apply.
- Contact Us!
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