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Types
of Loans
- Real Estate
Loans
- Operating
Loans
- Farm Service
Agency (FSA) Loans
* Additional disclosures provided on all MFB Loans. All loans are
subject to credit approval.
Real Estate Loans
- Farmland,
buildings and facilities
- 1-5 year
balloon note
- Amortization
period from 10-20 years
- Secured with
real estate
- Maximum loan
amount 80% of collateral value
- Flexible
repayment terms
Equipment
Loans
- New or used
equipment financing
- Amortization
period up to 5 years
- 1 year balloon
note
- Secured with
personal property, or machinery
- Maximum loan
amount 75% of collateral value
- Flexible
repayment terms
Operating
Loans
- Secured with
crop and machinery
- 1 year note
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