Multi-year Line of Credit

Flexibility is critical on a farm.  Weather, commodity prices, and other conditions impact your marketing cycles.  The worst problem is having to sell at the wrong time because a payment is due, or your loan is due.   Our multi-year line of credit provides an opportunity to make those decisions at the right time.   The 24-month term covers any extended cropping cycle, meaning you won’t have to sell at harvest (typically the lowest price point).   For livestock operators, it gives you the flexibility to sell or buy lots, as opportunities present themselves.

Every farming operation is unique.  That is why we meet with you to design financing that fits your farm and its cycles.  Best of all, you get loan decisions locally, not from an entity that doesn’t know or understand your operation.  That’s also a plus when it comes to servicing your loan, providing flexibility in payment streams, and the opportunity to make changes when needed.

A line of credit loan from Wilson & Muir Bank offers:

• Two-year open period to draw and pay back on your line when secured by real estate. 
• Your loan must be backed with real estate security.
• You pay interest only on funds outstanding.  We do not require excess capitalization fees or charge unfunded balance fees as some others do. 
• A 24-month line of credit provides great flexibility for your marketing and sales.
• Fast approvals 
• Local decisions made swiftly on your submission.
• Your line can be renewed vs. having to be refinanced.