What Types Of Loans Does Agribusiness Credit & Services Corporation Offer?
The most common loan is a one-year operating line of credit to finance the crop production expenses or other operating asset requirements of the agribusiness. These loans are on a variable rate basis indexed to the Prime Rate. Term loans are very popular and are used to finance capital expenditures for improving or expanding an operation. Term loans can be made on a variable rate indexed to Prime or on a fixed rate basis with various options of fixed rates. Loans are structured to your specific needs and assets financed. Loans are normally secured but, if justified, can be unsecured.