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Pender State Bank
Agricultural
Financing
“NO PROBLEM” LAND
LOAN
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The Pender State Bank has steadfastly provided agricultural
credit since 1890. In keeping with this commitment we offer
attractive interest rates along with the convenience, flexibility
and general ease of doing business with a small town bank.
We offer LOW COST LOANS, QUICK SERVICE AND A MINIMUM OF BUREAUCRACY.
| 1. PRESENT RATES: |
The effective rate on any loan is determined
by the Bank, based on an analysis of all credit factors,
including credit quality, lending level, size, etc. |
| 2. LOAN AMOUNT: |
Rates and terms on loans under $50,000
are negotiable.
The maximum loan shall not be greater than 50-65% of
current appraisal. |
| 3. COSTS: |
“No Problem” loans feature
NO FEES FOR ORIGINATION,
APPRAISAL, DOCUMENTATION, FILING, RECORDING OR TITLE
OPINIONS. Borrowers will pay their abstracting or title
insurance costs. Fees and costs are negotiable for loans
under $50,000. |
| 4. PAYMENT SCHEDULE: |
The payment schedule will be designed
to meet individual
needs and loan quality standards. Terms up to 25 years
are available. Interest rates are based on semiannual
interest payments. |
| 5. PREPAYMENTS: |
Variable rate loans have no prepayment
penalties.
1 year fixed, 2 year fixed, 3 year fixed,
and 5 year fixed rate loans allow any prepayment
amount at rate change anniversary dates without penalty.
A penalty will apply on all other prepayments. |
| 6. FINANCIAL INFORMATION: |
Immediate past four years financial
statements and past
three years income tax returns are needed for review.
A financial statement will be required annually. |
If you have any questions about our loan program
and policies please contact Troy at troys@inebraska.com
or Bruce at brucew@inebraska.com or Rolf at Brewster, rolfglerumangus@neb-sandhills.net.
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