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.
w Pre-approved credit available whenever you need it.
w Credit lines available in an amount to serve your needs.
w Able to repay and re-borrow at your convenience.
w Flexible repayment terms with principal and interest paid monthly, semi-annually, annually or anytime
(no pre-payment penalty) by maturity.
Non-Revolving Line of Credit
Allows you to borrow up to a pre-determined amount. Used to cover construction costs or start-up financing.
w Pre-approved credit available whenever you need it.
w Credit lines available in an amount to serve your needs and repayment ability.
w Flexible repayment terms with interest billed monthly until permanent financing is established.
(no
pre-payment penalty)
Personal Property Loans
Used to purchase breeding livestock and machinery.
w Easy-to-budget fixed payments.
w Typically 3 to 7 year amortization.
w Secured by livestock and machinery.
Real Estate Loans
Used to purchase land or for building construction and renovation projects.
w Easy-to-budget fixed payments.
w Typically 10 to 30 year amortization.
w Secured by real estate.
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.
w Used by farmers who do not qualify for conventional financing.
w The money is borrowed from the bank.
w Our qualified lending personnel complete all loan documentation.
w FSA guarantees up to 90% of any losses on the loan to the bank.
w Lines of credit, personal property loans, and real estate loans available.
w You may qualify for a 4% interest subsidy.
FSA Beginning Farmer Down Payment Loans
w Program for qualified beginning farmers to purchase land.
w Applicant must make a 5% cash down payment.
w FSA directly lends 45% of purchase price up to $225,000 with a 20-year term and a fixed interest rate as low as 1.5%..
w Mound City Bank lends 50% of the purchase price with a 30-year amortization.
Wisconsin Housing and Economic Development Authority (WHEDA) Loans
w WHEDA CROP loans provide up to 90% guaranteed loan up to $60,000.00 for expenses for farmers who do not qualify for conventional financing.
w WHEDA FARM is a guaranteed loan program for producers who wish to expand or modernize an existing operation.
w Other fees and restrictions may apply.
Secondary Market Fixed Rate Agricultural Mortgages
w 1,3 and 5 year Adjustable Rate mortgages.
w 10, 15, 20 and 30 year Fixed Rate mortgages.
w Other fees and restrictions may apply.
