Agricultural Financing

“NO PROBLEM” LAND LOAN

 

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, 5 year fixed and 10 year fixed rate loans allow any prepayment amount at rate change anniversary date without penalty. A penalty may 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, Bruce, Pat or Kim at Pender State Bank.

 

 

 

ag market