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Agriculture Loan Options

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.

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)

Personal Property Loans

Used to purchase breeding livestock and machinery.

  • Easy-to-budget fixed payments.
  • Typically 3 to 7 year amortization.
  • Secured by livestock and machinery.

Real Estate Loans

Used to purchase land or for building construction and renovation projects.

  • Easy-to-budget fixed payments.
  • Typically 10 to 30 year amortization.
  • 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.

  • 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.

FSA Beginning Farmer Down Payment Loans

  • Program for qualified beginning farmers to purchase land.
  • Applicant must make a 5% cash down payment.
  • FSA directly lends 45% of purchase price up to $300,000 with a 20-year term and a fixed interest rate as low as 1.5%.
  • FSA guarantees up to 95% of any losses on the loan to the bank.
  • Mound City Bank lends 50% of the purchase price with a 30-year amortization.

WHEDA Loans

Wisconsin Housing and Economic Development Authority

  • WHEDA CROP loans provide up to 90% guaranteed loan amounts for loans less than $100,000 and 80% guaranteed loan amounts for loans $100,000 or more for expenses for farmers who do not qualify for conventional financing.
  • WHEDA FARM is a guaranteed loan program for producers who wish to expand or modernize an existing operation.
  • Other fees and restrictions may apply.

Secondary Market Fixed Rate Ag Mortgages

  • 1, 3, and 5 year Adjustable Rate mortgages.
  • 10, 15, 20, and 30 year Fixed Rate mortgages.
  • Other fees and restrictions may apply.