Agricultural Loans
Whether you are looking to expand your farming operation, take advantage of a new opportunity or to manage the day to day operational expenses of your farming operation, we can provide you with the Ag financing to best fit your needs. Our wide variety of agricultural loans are designed to meet your needs whether you are an experienced or beginning farmer.
Community Development Bank has an experienced lending staff that understands agribusiness and the needs of Ag borrowers. In order to provide our Ag borrowers with the best terms and products possible, our lenders work with the Farm Service Agency on FSA Guaranteed Loans, and Community Development Bank is an approved Farmer Mac I and Farmer Mac II Lender.
Farm Loans
Community Development Bank offers a variety of long term financing options that can be used for farm site purchases, building expansions, improvements, facility renovations, or refinancing. We offer up to 25 year amortizations with both variable and fixed interest loans options. Our lenders are experienced working with the Farmer Mac I and Farmer Mac II programs, as well as working with the Farm Service
Equipment Loans
To best meet our customer’s needs, Community Development Bank offers a variety of equipment loan products. We can provide equipment loans though traditional financing or by providing a lease on a new or used piece of equipment.
- Our traditional financing option provides customers with a fixed or variable interest rate loan with terms ranging from three to ten years. To best meet our customer’s needs and to provide the optimal cash flow objectives, our lenders will work with our borrowers to come up with a convenient repayment plan.
- Another equipment financing option that Community Development Bank offers its customers with is lease financing. Leasing provides a borrower with a cost effective way to keep pace with the latest equipment and technology. With an equipment lease designed around your specific equipment needs and budget you make affordable monthly payments over time, which allows you to save money and stay profitable in today’s Ag economy. Equipment leasing allows you to keep your business credit line open and strengthen the cash flow of your business. By using the leased equipment for your business, you may enjoy a potential tax advantage because your lease payments are fully deductible.
Livestock Loans
Community Development Bank offers fixed or variable interest rate livestock loans with terms ranging from one to five years. To best meet our customer’s needs and to provide the optimal cash flow objectives, our lenders will work with our borrowers to come up with a convenient repayment plan.
Land Loans
Community Development Bank offers a variety of long term financing options that can be used for land purchases or refinancing. We offer up to 25 year amortizations with both variable and fixed interest loans options. Our lenders are experienced working with the Farmer Mac I and Farmer Mac II programs, as well as working with the Farm Service Agency. In order to provide the most competitive and convenient long term financing possible, our lenders can use our in-house long term financing products in conjunction with various federal and state programs to create a loan package for both experienced and beginning farmers.
Lines of Credit
To help our Ag borrowers manage the day to day operating expenses of their farming operations Community Development Bank offers Ag operating lines of credit. Our Ag operating lines of credit allow our Ag borrowers to make the necessary input purchases to run their farming operation and also manage their cash flow throughout the business year. This flexible financing option allows the borrower to pay interest on only the amount of money borrowed, not the maximum balance of the line of credit.