Loans to Purchase or Refinance Land in the Country - and Loans for Agribusiness or Agricultural Production
Loans to Finance or Refinance Land, Land Improvements, Timber, and Recreational Property (Fixed and Variable Rate Loans with Maturities up to 30 Years Are Available)
Short Term Loans - For Agricultural Production Purposes
- Up to 1 year maturity
Loans for general operating expenses such as labor, feed, seed, repairs, inventory, etc. These are operating type loans and lines of credit within the operating cycle of the business.
- Examples: cotton, soybeans, rice, peanuts, corn, catfish, sugar cane, truck crops, cattle, dairy
Intermediate Term Loans - For Refinance or Expansion Purposes
- Between 1- and 10-year maturities & special 15-year loans
- Loans for machinery, equipment, vehicles
- Livestock purchases and facilities
- Land purchases
- Refinancing land debt
- Poultry and swine operations and facilities
- Farm and home improvements
- Loans for catfish and other aquatic operations
- Loans to finance the basic processing and/or marketing activities that are an extension of farm production
- Examples: cotton gins, poultry processing, catfish processing, sugar cane, etc.
Commercial Agribusiness Loan Program / Special Timber Loan Program
- Repayment schedules tied to marketing plans.
Loans to Finance or Refinance Land, Land Improvements, Timber, and Recreational Property / Loans for Small, Young and Beginning Farmers
Call a First South office today to ask about our loan programs.