FAQs
Ag loans are like other business loans or lines of credit with set terms and payments that could be monthly, quarterly or annually – but uniquely specific to the agricultural industry.
Agriculture loans are designed to support the financial needs of farming operations throughout every stage of growth. Our ag lending team works with Wisconsin farmers to structure financing that aligns with production cycles, operational goals and long-term success.
Ag loans can be used for:
- Farm operating expenses and seasonal costs
- Land purchases and farm real estate improvements
- Livestock and feed purchases
- Equipment and machinery investments
- Expansion of existing farm operations
- Debt refinancing and consolidation
By working with an experienced ag lender, borrowers can secure financing that supports both immediate needs and future growth.
No, as long as an ag partner can show the ability to repay the loan, and the loan is properly secured the process can be very easy. Working with our knowledgeable ag lenders is critical to navigating your options and providing the necessary information on a timely basis can help speed up the loan process.
As an FSA approved lender, NEBAT’s knowledgeable lenders can help determine FSA eligibility, review FSA programs that meet the needs of the borrower and provide direction to a best fit solution for all parties.
Farmer Mac loans are a great way to get a long-term fixed rate; however, these loans have very specific parameters for eligibility. This is a longer process but can be well worth it. Again, working with your knowledgeable ag lender is critical to successfully completing the application process.