Loan
Programs
Loan
Type: Long Term:
5 to 20 Years - Prime Variable
Rate Program
15 Years - LIBOR Variable Rate Program
Fixed Rate Program
Interest Rates:
Variable Rate: Prime plus ½% adjusted annually
LIBOR plus 2.0% adjusted annually
Fixed Rate: Available
Collateral Requirements:
1st
mortgage on real estate required. Will consider chattels on
operations such as dairy / poultry or properties with pivot
irrigation
systems.
Loan Size
Limitations:
Fixed rate loans are limited in size to $50,000 to
$1,000,000.
Variable
rate loans are not limited except by Board discretion.
Eligible Purposes:
Buy land,
irrigation equipment & wells, build or repair farm buildings,
purchase
equipment and machinery, build farm ponds, establish
permanent
pasture, establish livestock operations, refinance debts,
specialized buildings for poultry, swine, dairy & beef operations.
Loan
Application:
Loan Checklist
Release Form
Loan Application
NOTE:
This information should only be used as a reference.
The information reflected above is not "all inclusive". More
specific details regarding individual applications will be provided by the
Administrative Office in Atlanta, Georgia or by the Branch Location serving your
respective county.