Agriculture Lines of Credit
A Stillman Bank Agriculture Line of Credit is a type of flexible business loan that you can draw on as needed to cover the short-term financial needs of your farm or agribusiness.
- ✓A pool of funds you can quickly access
- ✓Structured around each operation’s unique production and cash-flow cycle
- ✓Pay for input costs, livestock, or sudden equipment needs and pay down the balance with the sale of grain or livestock
Agriculture Line of Credit Details
- ✓Withdraw funds as needed, up to your limit, to cover financial needs.
- ✓Only pay interest on what you borrow, from the date you borrow it.
- ✓After you pay back the balance, you can borrow again.
Common Questions
What information do I need to apply for an agriculture line of credit?
We are going to need your personal financial statements, 3 years of state and federal tax returns, and information about your business plan.
How quickly can I access funds from my agriculture line of credit?
Once your line of credit is set up, you can request to draw funds at any time. From the time of your request, funds are typically available in your checking account within one business day.
Can I increase my agriculture line of credit if my operation grows?
Yes. Line of credit size is determined based on our cash flow analysis and the size of your operation. This is assessed annually before we set up your line of credit.