A Good Harvest: Long-Term Loans from the Long-Term Team
As experienced ag lenders, we understand it can take months, years and, in some cases, generations worth of planning to bring a farm operation to successful fruition. Which means you may need a long-term loan when it comes to obtaining big ticket items such as equipment or outbuildings, buying real estate or even refinancing debt.
Here’s something to consider: what’s long-term for one bank may not be the same for another. When you work with Farmers & Merchants Bank, you can expect success for the long haul with competitive 10-to-20 year, fixed-rate loans. In fact, we offer loans of up to $12,000,000 with a 20-year repayment term, which can make it easier for you to manage payments, whether they’re monthly, quarterly, semi-annual or annual.
Another important phrase to consider is “fixed rate.” Did you know a fixed-rate loan could save you about $30,000 over the life of a 10-year loan if interest rates go up just 1%? A fixed-rate loan from Farmers & Merchants Bank can help build predictability into your business because you’ll know exactly how much you need to pay and when––and that’ll never change. That’s a relief in an up-and-down industry such as yours. And, our rates are downright competitive. We’re always thinking of ways to help you be more successful, and we’ve created these loans specifically for your needs.
As a farmer, you know the value of hard work and planning for something more. Each season, day in and day out, you lead with optimism—and more importantly—a vision for your family’s future. So, why should your next business move be any different? That’s why a fixed-rate, long-term loan from the long-term team is the smart choice.
Our loan experts are here to serve you. Stop on in and let’s talk about what your vision looks like. We’ll discuss the long-term, low-rate options we have to finance your dreams. (To obtain this competitive financing, the Bank charges a commitment fee and a pre-payment penalty.) Of course, besides the great terms and great team, you get all the extras like Online Banking, Mobile Banking and e-statements to boot.
Hope to see you soon. Here’s to a productive and happy harvest this year and the next!