The First National Bank specializes in Ag finance. More than 50% of our loan customers are in Agriculture or an Agricultural - related business.

• Operating Line-of-Credit;
• Cattle Loans;
• Machinery & Equipment Loans;
• Real Estate Loans.

Cattle, crops or both, FNB offers a line-of-credit to provide the working capital you need to support your operating cycle.

• Commitments are generally for a one-year term;
• Funds are advanced based on the availability of current assets as collateral, such as livestock, feed and grain, and hedging accounts;
• Advance rate is generally 70% of current assets pledged, however, it could be higher depending on the nature of the assets.
• Interest rates are variable and are determined by your financial condition.

FNB offers term notes to finance your breeding herd.

• Commitments are generally for 3 - 5 years;
• The bank will generally provide up to 70% of the market value of your herd;
• Interest rates may be fixed or variable and are determined by your financial condition.

Time to replace that old tractor or expand your facilities? Our agricultural lenders can provide the loan you need.

• Commitments are generally 5 - 7 years, depending on the useful life of the collateral pledged;
• The bank will generally fund 90% of the purchase of new equipment or 75% of the purchase or the refinancing of used equipment;
• Interest rates may be fixed or variable and are determined by your financial condition.

• Commitments are generally 15 - 20 years on the purchase or the refinancing of farmland;
• The bank will generally advance the lesser of 65% of the appraised value cost on the purchase of irrigated farmland or 70% of dryland;
• When refinancing farmland, the bank will typically finance 65% of the appraised value of irrigated land or 70% of dryland;
• Interest rates may be fixed or variable and are determined by your financial condition.

Application Checklist:

Existing Company:

• 3 years of Historical Business Financial Statements;
• Most recent interim Business Financial Statement;
• Last 3 years Business Tax Returns;
• Personal Financial Statement;

Depending on the purpose of the loan you are requesting you may be asked to provide the following:

• Accounts Receivable and Account Payable Agings;
• Inventory List.

New Company:

• Business Plan;
• Monthly Projections;
• 3-Year Projections;
• Personal Financial Statement;
• Small Business Administration Application.

Personal Financial Statement (Print Blank Form)
First National Bank Privacy Policy
Online Banking Privacy Policy

  Download Adobe Acrobat Reader

CONTACT US