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Agricultural Lending

We understand the importance of agriculture in the economy.

AgEquity Revolving Line of Credit

The AgEquity program is a revolving line of credit secured by a first mortgage on agricultural real estate. It is tied to a variable rate mortgage (VRM) product which may adjust on the first day of each month.

  • No annual renewal
  • 10-year draw period
  • 25- and 30-year terms
  • Advances are to be used for agricultural purposes (including agricultural business operations)
  • Unlimited number of draws and repayments during the draw period
  • Minimum loan size of $50,000
  • No unused commitment fees (i.e., non-use fees)
  • AgEquity loans are not eligible for AgXpress, Fast Track underwriting or Choice pricing 
Agequity Revolving Line Of Credit (4)
Adjustable Rate Mortgage

Adjustable Rate Mortgage (ARM)

The 7/1 and 10/1 adjustable rate mortgage (ARM) products have a fixed interest rate for the initial 7 or 10 years, then adjusts annually thereafter until maturity. If the amortization selected is greater than the term, a balloon payment will result at loan maturity. 

Product/Initial Period Maturity/Term Amortization
7/1 15 years 15 or 25 years
10/1 15 years 15 or 25 years

Fixed Rate Mortgage

Fixed rate products have a fixed interest rate for the entire loan term. If the amortization exceeds the term, the loan will have a balloon payment at maturity.

Fixed Period Maturity/Term Amortization
7 years 7 years 15 or 25 years
10 years 10 years 10 years
15 years 15 years 15 or 25 years
20 years 20 years 20 years
25 years 25 years 25 years
30 years 30 years 30 years
Fixed Rate Mortgage (2)

Our experienced team of lenders at Elevate offers financial support for:

Land Purchase (2)

Land Purchase

Flexible terms based upon the business’ anticipated cash flows.

Purchase Of Livestock

Purchase of Livestock

Cow Purchase Term Loans | Stocker Operating Lines | Working Capital for Farming and/or Ranching Expenses

Operating Expenses

Working Capital for
Operating Expenses

Establish a Line of Credit with us today to use for farming.

Purchase Of Equipment

Purchase of Equipment

A farm’s success is attributable to its machinery and equipment. Elevate Bank can help take your success further with an equipment loan.

Ready to get started? Questions?
Contact us!

Matt Kane (1)

Matt Kane

Director of Ag Lending

Megan Collom (1)

Megan Collom

Vice President and Loan Officer