Agriculture Term Loans
With so many variables in agribusiness, an Agriculture Term Loan from Bank of the Finger Lakes is a welcomed source of assurance. Account for several factors and expenses like weather, crop output, equipment functionality, and more.
We offer local farmers competitive rates and terms based on your operational needs. Just like you're firmly planted in local soil, so are we. Our helpful lenders process everything locally for the quick responses you deserve.
Subject to credit approval.
FSA Guaranteed Loans
Enough hard work already goes into day-to-day operations. That's why we work closely with the U.S. Department of Agriculture — keeping funds acquisition for local, qualified farmers easy. Satisfy land, livestock, equipment, seed, supplies, and other needs.
FSA Guaranteed Loans are government-backed, helping to provide the competitive rates and specialized funds that otherwise may be difficult to come by. You do so much to enrich the community. Retain that strong foundation for the years to come with the help of a partner you can count on, Bank of the Finger Lakes.
- Designed to help both new and established family-sized farms receive financing
- Competitively low rates to meet a wide range of agricultural needs:*
- Land
- Livestock
- Equipment
- Feed
- Seed
- Supplies
- Building Construction
- Farm improvements
- Two types of farm operating loans available:
- 5-year term revolving lines of credit with up to 7-year amortization period
- 25-year amortization period
- Maximum loan amounts up to $1,302,000**
- Lenders with a working knowledge of local agricultural standards
- Focused, customized attention from start to finish
*Subject to credit approval.
**Subject to change according to USDA regulations.
Agriculture Real Estate Loans
When it comes to effectiveness, a lot is riding on the land in which you work. Take advantage of flexible financing from a locally based bank to suit your agriculture real estate needs.
We work hard to secure the lowest possible rates and accommodating terms for our valued customers. What we also offer: local knowledgeability and processing. Our experienced lenders are very familiar with local real estate and agriculture standards, and of course, with you.
- Competitively low rates for purchase, refinance, or construction of agricultural real estate*
- Available for farm & land acquisition and property development
- Personalized repayment terms, consistent with your operational needs
- Fixed and adjustable-rate options available
- Lending advisors with working knowledge of the local real estate industry
- Focused, customized attention from start to finish
*Subject to credit approval.
Operating Lines of Credit
Farming is definitely a matter of ongoing progress, with constant attention a necessity. Have an anytime source of funds for crop demands, irrigation systems, equipment, and anything in between with an Operating Line of Credit.
Once established, your credit line can be easily withdrawn at any time without reapplying. Benefit from competitive rates and also helpful guidance from lenders who don't only know you, but also local agricultural standards.
Competitively low rates for a wide range of ongoing agricultural needs:
- Boost working capital
- Expedite inventory purchases
- Arrange for seasonal needs
- Capitalize on trade discounts
- Smooth out purchase/collection cycles
- Annual Operating, Capital Expenditure, and Seasonal Lines of Credit available
- Personalized repayment terms, consistent with your operational needs
- Access funds anytime without reapplying for another installation
- Funds advances made in-person or by phone
- Only pay interest on the part that's used
- Lenders with a working knowledge of local agricultural standards
- Focused, customized attention from start to finish
Subject to credit approval.