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Full Time Farm Loan - Click for Details
Designed for parcels of land with production of one or more agricultural commodities or products. May be improved by buildings and machinery, fixtures and equipment or other structures permanently attached. No minimum or maximum acreage requirements. If the property is less than five acres, $5,000 minimum annual gross income from the property must be documented.
- Parcles of land with production of an agricultural product or commodity required
- Loan to Values of 60% to 80% allowed, depending on agricultural product.
- Loan amounts up to $22.5 Million, depending on size of parcel.
- Debt Service Coverage 1.25:1 required
- Monthly, quarterly, semi-annual, or annual payment schedules available
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