About
Heritage Bank knows agriculture banking. We been providing loans to the ag business for many years. Whether it be a real estate loan, equipment loan, or a loan to help finance operations, Heritage Bank can provide a loan that’s right for you.
Real Estate Loans - Heritage Bank uses a variety of loans such as Farmer Mac, FSA Farm Ownership, and conventional loans to provide the maximum benefit to the ag borrower.
Farmer Mac Loan Benefits:
-Available to small and/or part-time farmers (where off-farm income is a major factor)
-Available to large, full-farm operations
-Larger acreage properties for both residential and agricultural purposes
-Long-term financing of ag real estate
-Fixed interest for 5 or 25 years
-Amortization of 15 or 25 years
In addition to a Farmer Mac loan our FSA preferred lender status allows fast approval for a Farm Ownership loan. Funds from a Farm Ownership loan cover:
-Farmland purchases
-Buildings following construction or remodeling
-Development of farmland to promote soil and water conservation
-Refinance of existing debt
Machinery Loans - Heritage Bank offers equipment loans for all areas of farming, including livestock equipment. Loans are generally made on a variable basis, but fixed-rate loans are available.
-Conventional Loan
-FSA Guaranteed Loan for qualified borrowers
Heritage Bank can secure equipment loans up to $1,214,000 through the Farm Service Agency (FSA) Guaranteed program for producers who qualify.
Operating Loans & Lines of Credit - Heritage Bank offers both conventional and FSA guaranteed operating loans for annual farm operational expenses, including crop input and feeder livestock.
As a Preferred Lender for FSA Guaranteed loans, Heritage Bank can secure an operational loan for eligible producers up to $1,214,000 for fuel, chemicals, repairs, insurance and other operating expenses.
Need more information about Agriculture Banking? Contact your Ag Relationship Manager for more information about our lending options.
