Lending Solutions for Local Farmers
Farming is a way of life in the Midwest, and State Bank of Davis is dedicated to giving local farmers the financing they need to manage and grow their operations. Our team will listen to your needs and help you choose the right loan with the right terms and a great rate. All decisions related to your loan are made locally, which means you’ll go through the lending process faster with a community lender you can trust. Contact us to get your agribusiness loan process started.
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Types of Agribusiness Loans
Loan Type | What You Need to Know About This Loan |
|---|---|
Ag Real Estate Loans | Are you looking to add acreage or a new property to your farm? Work with State Bank of Davis to get the real estate loan with the right terms and rates to make your purchase run smoothly. |
Ag Operating Lines of Credit | A line of credit can help you if you experience seasonal changes in your operation’s cash flow. Draw on the line of credit as you need it when you need more working capital. |
Equipment Loans & Leases | These loans help you make sure you can purchase any equipment you need for your farm. From large pieces of equipment like combines and implement equipment, to smaller skid loaders, these loans help you get all the equipment financing you need. |
Illinois Ag Invest Program Loans & Linked Deposit Program Loans | Ag Invest Program Loans are offered through a partnership with the Illinois Treasurer’s Office. They can be used to purchase equipment, secure a line of credit, purchase land, and cover construction costs. Loans are available at below-market rates. |
Beginning Farmer Loans | These loans are offered through the Illinois Farm Development Authority and are designed to help new farmers overcome barriers to entering the agriculture field. |
Farmer Mac Loans | We offer Farmer Mac I and Farmer Mac II loans. These loans are available through a partnership with the USDA that can assist with farm ownership, operation, and conservation. |