The success of our local farmers is critical to the success of our community. At Western State Bank, we offer Ag lending and banking solutions designed to help farm operations succeed. Our experienced Ag lenders are familiar with the volatility of the Ag economy; many of them have personal experience operating family farms and fully understand the challenges and opportunities present in an Ag operation.
Western State Bank provides the funds needed to carry out your daily and seasonal operational expenses. Preapproved lines of credit are available for future use. Interest is only charged on the funds used. Many of our farming customers also take advantage of a sweep function, protecting their accounts from overdrafts and helping them limit interest charges. We’re proud to offer this option at no additional cost.
Short-term loans can assist with the purchasing or refinancing of equipment such as trucks, combines, tractors, and farm equipment, as well as the purchase of livestock and other inventory.
If you’re interested in purchasing land, or buying or improving an existing building, consider a Real Estate Loan. We offer a variety of terms with fixed or variable interest rates.
We also partner with Farm Service Agency (FSA) to provide joint financing for the purchase of farmland.
With the assistance of Farm Service Agency (FSA), Western State Bank provides loans to refinance current debt or expand your farming operation when conventional financing terms are not an option. FSA loans offer long-term fixed rates and no pre-payment penalties. They also have lower collateral and down payment requirements, greater flexibility, and lower interest. We are also proud to partner with FSA to offer loans to first-time borrowers through our Beginning Farmers Program. Certain limitations apply; visit with one of our Ag lenders for more information.
Interested in visiting with a lender? Fill out our convenient online contact form, or contact your local banking center today.