Operating line of credit
Operating Line of Credit
A loan with a continuing pre-approved commitment amount for up to three years.
Provides maximum flexibility to choose the amount and type of expense to finance.
Repayment restores the available commitment within the approved line.
Loan funds can be accessed instantly through credit line drafts.
Competitive rates for a wide range of ongoing or short-term/seasonal needs
Funds available as needs arise
Re-access funds at any time without reapplying
3. Driver License
Show a sufficient farm management experience through education, training, or at least one year of farm experience (managing or operating); experience must have been within the last five years.
New Farmers are assessed based on their education and proposal .
Be the operator of the family farm after loan closing.
