Loans for Farmers and Agribusinesses

Our area’s economy relies heavily upon the success of agriculture. Farmers and agribusiness owners play a large role in the continued growth of our community. State Bank of Herscher recognizes the importance of agriculture in our community and offers numerous financing and loan options to help our farmers and agribusiness owners continue to thrive.

Types of Agribusiness Loans

Loan Type	What You Need to Know About This Loan
Ag Real Estate Loans	Partner with State Bank of Hescher to get the ag real estate loan with the right terms and rates to make your operation run smoothly and efficiently. We are here to assist you with the purchase or refinance of ag real estate of all types.
Ag Operating Lines of Credit	Your line of credit is a critical component of your farm, serving to support your working capital needs. Draw on the line of credit when you need it to meet the seasonal cash flow demands of your unique operation. Coupled with an automatic sweep feature, this product automatically minimizes your interest expense.
Equipment Loans	These loans are used to purchase the equipment you need for your farm. From large pieces of equipment like combines and tractors, to smaller implements, these loans help you get the equipment financing you need.
Livestock Loans	If you’re planning to increase the head count of livestock on your farm, we can finance the purchase of feeder or breeding livestock. Depending on the livestock being purchased, these loans have customized maturity dates and payment terms structured around your cash flow.
Grain Inventory Loans	A grain inventory loan gives producers marketing flexibility … you can price your grain when you want and deliver it to whomever you choose. Grain inventory loans allow you to take advantage of market-carry and basis improvement to increase your net price per bushel. These unique loans are due when the last of the grain is expected to be marketed.
Illinois Ag Invest Program Loans & Linked Deposit Program Loans	Ag Invest Program Loans are offered through our partnership with the Illinois Treasurer’s Office. These below-market fixed-rate loans can be used to purchase equipment, secure a line of credit, purchase land, and cover construction costs.
Beginning Farmer Loans	These loans are offered through our respective partnership with various local county FSA officials and are designed to help beginning farmers overcome the increasing barriers-to-entry that they face.
FSA Guaranteed Loans	These loans are offered through our respective partnership with various local county FSA officials and can be utilized by all producers to obtain favorable terms, including long-term fixed rates and favorable loan structure. Our lenders are exceptionally well-versed in the assisting producers gain access to this valuable set of tools.

When you work with State Bank of Herscher for your ag loan needs, you get the best service and support when you need it. We make quick decisions on loan applications and are here to service your loan and answer your questions.

Apply now, or contact an agricultural loan specialist today.

Ag Loan Application (PDF)

Ag Cash Flow Form (PDF)

Ag Personal Financial Statement (PDF)

You will need to download Adobe Acrobat Reader to access these documents.