Since 1900, agricultural lending has been an important business segment to The Bank of Union. We remain committed to the central Oklahoma farming industry and The Bank of Union has the experience and the knowledge to help our agricultural customers. Today, as in years past, our experienced loan officers can help your agribusiness by offering innovative solutions to your unique demands.
We are here to help provide you with prompt, quality service and we take pride in helping those that represent the economic backbone of our community. We understand agriculture, which means you have a partner in the business with access to all types of agricultural financing products. Our agricultural bankers have strong roots in the area and a personal knowledge of the local farming community. Put our experienced lenders to work for you and enjoy quality service that only a hometown bank can provide.
Agricultural Real Estate Loans
We offer real estate loans for virtually any type of agricultural or agribusiness purpose. Fixed rate and variable rate loans are available for the purchase or refinance of real estate.
Whether your need is for the first-time purchase of farmland, purchase of additional land, refinancing existing land debt, or construction of farm buildings, The Bank of Union can structure a agricultural real estate loan to help you meet your long-term goals.
Farm Service Agency (FSA) Guaranteed Loans
The FSA Program is sponsored by the United States Department of Agriculture and is designed to assist agricultural or rural small business customers in obtaining loans. We are a certified lender for loans guaranteed by the United States Farm Service Agency (FSA). These loans must meet certain qualifying criteria to be eligible for guarantees.
The Bank of Union makes livestock loans for the purchase of cattle and other livestock. Cow/Calf loans for cattle purchases are generally structured on annual payments with payment dates to coincide with expected calf sales dates. Our loans for the purchase of feeder livestock make it easy to purchase livestock when you need them.
Crop Production Loans
The Bank of Union offers credit lines for financing annual crop production. The loan is paid in full when the crops are sold. For farmers wanting to retain ownership in their crop for merchandising programs, we offer loans on crops in storage.
Farm Equipment Loans
We offer equipment loans for just about any type of agricultural equipment, from trailers, tractors and other farm implements to agribusiness equipment such as feed mills, grain handling equipment, and agricultural commodity processing equipment.
The Bank of Union can provide financing for both new and used equipment. With our competitive rates and terms, it's easy to match your cash flow requirements and allow you to modernize your equipment.
Line of Credit Loans
Annual operating loans and revolving lines of credit are available to farm owners and operators to help you with your operating expenses throughout the year. Borrowing for operating capital can help you take advantage of cash discounts, lock in prices by paying ahead and receive other benefits by prepaying expenses.