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Ag Loans

“It makes it very nice to have all our banking needs taken care of in just one spot.”
– Mike Todd, Todd Farms & Excavating

Loans that are tailored to your farm needs

We are a preferred provider for the Farm Services Agency and offer many loan programs through the FSA guaranteed loan programs and the Farmer Mac loan programs.

Contact a Lender
Farm Services Agency (FSA) Loans
Ag Real Estate Loans
Ag Lines of Credit
Equipment Loans and Leases

Farm Services Agency (FSA) Loans


Realize your dream of expanding your farm acreage with CNB FSA Loans.

As a preferred lender for Farm Service Agency (FSA), CNB can offer long-term, fixed rates on real estate that may allow farmers to realize their dream of expanding their acreage without stressing their cash flow.

FSA Guarantee Program

Provides Citizens National Bank a guarantee of up to 95 percent of the loss of principal and interest on a loan. Terms available from 90 days up to 30 years for a fixed rate option. Rates are typically lower with this program than traditional loans.

Qualifications:

  • Must be the owner or the tenant operator of the farm.
  • Used for both Farm Ownership and Operating purposes.
  • Good options for beginning farmers offering the opportunity for lower down payments. To qualify, the beginning farmer must:
    1. have not operated a farm or ranch for more than 10 years
    2. meet the loan eligibility requirements of the program to which he/she is applying
    3. substantially participate in the operation
    4. for FO loan purposes, not own a farm greater than 30 percent of the median size farm in the county

Note:

  • All applicants for direct FO loans must have participated in the business operation of a farm for at least 3 years.
  • If the applicant is an entity, all members must be related by blood or marriage, and all stockholders in a corporation must eligible beginning farmers.
  • In order to apply, applicants must supply 3 years of tax returns and financial statements.
  • Notification of approval is usually received within 2 weeks.
  • Check out the available loan programs.

Ag Real Estate Loans


Explore our agriculture real estate loan options.

Tell us what you’re trying to accomplish and we’ll help determine the best loan package to meet your farm needs.

Loan Programs:
  • Farm Services Agency (FSA): CNB is a preferred lender offering long-term fixed rate financing on real estate
  • Farmer Mac Loans: CNB offers first mortgage loans through the Farmer Mac I Program and competitively-priced funding through Farmer Mac II in the form of USDA Guaranteed Loans
  • State of Ohio Ag-LINK Loans: Provides low-interest working capital loans up to $150,000. The State Treasurer’s Office determines which applications are approved based upon financial need.
  • Real Estate Loans
  • Revolving Credit and Lines of Credit
  • Equipment Loans and Leases

Ag Lines of Credit


Fund your farm operations with a revolving Ag Line of Credit.

Revolving lines of credit are available to farm owners and operators.

Payment schedules can be established to match your income from crop or livestock sales.

We can provide revolving lines of credit to help finance your seasonal requirements for your farming operation. With this operating loan, you can take advantage of cash discounts, lock in your input prices by paying ahead and receive tax benefits by prepaying expenses.

Information needed: year-end financial statements, tax returns, and a budget for the enterprise (Preferably 3 years of financials and taxes)

Equipment Loans and Leases


Need equipment loans or leases to expand your farm operations?

Citizens National Bank works with many companies and farms to provide financing for equipment.

All loan decisions are made locally to provide you the quickest financing possible.

Equipment Loans

A typical equipment loan has a maximum term of 5-7 years with a maximum loan to value (LTV) of 75% of the purchase price. It is possible to borrow the entire purchase price by pledging security interest in other assets, such as other equipment or real estate. This example illustrates a possible monthly payment scenario.

Equipment purchase example:*

  • Purchase price = $250,000
  • Loan amount based on LTV 75% = $187,500
  • Interest rate = 6.5% fixed 5 year term
  • Monthly payment = $3,668.65

*Based on a hypothetical transaction. Final rates and terms are determined after review of borrower’s credit and financial condition.

Leasing
  • In addition to equipment financing, Citizens National Bank also offers leasing on equipment, grain bins, barns and more with terms available up to 10 years.
  • Consult with your accountant to determine which option may be best for you.
  • Learn more about our leasing option.

Realize your dream of expanding your farm acreage with CNB FSA Loans.

As a preferred lender for Farm Service Agency (FSA), CNB can offer long-term, fixed rates on real estate that may allow farmers to realize their dream of expanding their acreage without stressing their cash flow.

FSA Guarantee Program

Provides Citizens National Bank a guarantee of up to 95 percent of the loss of principal and interest on a loan. Terms available from 90 days up to 30 years for a fixed rate option. Rates are typically lower with this program than traditional loans.

Qualifications:

  • Must be the owner or the tenant operator of the farm.
  • Used for both Farm Ownership and Operating purposes.
  • Good options for beginning farmers offering the opportunity for lower down payments. To qualify, the beginning farmer must:
    1. have not operated a farm or ranch for more than 10 years
    2. meet the loan eligibility requirements of the program to which he/she is applying
    3. substantially participate in the operation
    4. for FO loan purposes, not own a farm greater than 30 percent of the median size farm in the county

Note:

  • All applicants for direct FO loans must have participated in the business operation of a farm for at least 3 years.
  • If the applicant is an entity, all members must be related by blood or marriage, and all stockholders in a corporation must eligible beginning farmers.
  • In order to apply, applicants must supply 3 years of tax returns and financial statements.
  • Notification of approval is usually received within 2 weeks.
  • Check out the available loan programs.

Explore our agriculture real estate loan options.

Tell us what you’re trying to accomplish and we’ll help determine the best loan package to meet your farm needs.

Loan Programs:
  • Farm Services Agency (FSA): CNB is a preferred lender offering long-term fixed rate financing on real estate
  • Farmer Mac Loans: CNB offers first mortgage loans through the Farmer Mac I Program and competitively-priced funding through Farmer Mac II in the form of USDA Guaranteed Loans
  • State of Ohio Ag-LINK Loans: Provides low-interest working capital loans up to $150,000. The State Treasurer’s Office determines which applications are approved based upon financial need.
  • Real Estate Loans
  • Revolving Credit and Lines of Credit
  • Equipment Loans and Leases

Fund your farm operations with a revolving Ag Line of Credit.

Revolving lines of credit are available to farm owners and operators.

Payment schedules can be established to match your income from crop or livestock sales.

We can provide revolving lines of credit to help finance your seasonal requirements for your farming operation. With this operating loan, you can take advantage of cash discounts, lock in your input prices by paying ahead and receive tax benefits by prepaying expenses.

Information needed: year-end financial statements, tax returns, and a budget for the enterprise (Preferably 3 years of financials and taxes)


Need equipment loans or leases to expand your farm operations?

Citizens National Bank works with many companies and farms to provide financing for equipment.

All loan decisions are made locally to provide you the quickest financing possible.

Equipment Loans

A typical equipment loan has a maximum term of 5-7 years with a maximum loan to value (LTV) of 75% of the purchase price. It is possible to borrow the entire purchase price by pledging security interest in other assets, such as other equipment or real estate. This example illustrates a possible monthly payment scenario.

Equipment purchase example:*

  • Purchase price = $250,000
  • Loan amount based on LTV 75% = $187,500
  • Interest rate = 6.5% fixed 5 year term
  • Monthly payment = $3,668.65

*Based on a hypothetical transaction. Final rates and terms are determined after review of borrower’s credit and financial condition.

Leasing
  • In addition to equipment financing, Citizens National Bank also offers leasing on equipment, grain bins, barns and more with terms available up to 10 years.
  • Consult with your accountant to determine which option may be best for you.
  • Learn more about our leasing option.

How can we help you today?

With a range of banking solutions for business and agriculture, you’ll be glad Citizens National Bank is a part of your team.

Serving the needs of ag businesses is in our roots.

For more than 100 years, our mission has been to support our local business and agriculture with banking services for the real world. Because we know the challenges and rewards of being a small business or farm family, we understand what you need.

  • CNB is one of the largest ag lenders in the local area
  • CNB decisions are made locally
  • CNB is a preferred provider for the Farm Services Agency
  • CNB offers many loan programs through the FSA guaranteed loans programs and the Farmer Mac loan programs

We're helping build businesses one relationship at a time.

CNB Success Stories


Clearing the Way for Growth with CNB

Mike Todd is a self-made man. Over the last 30 years, he has grown Todd Farms & Excavating in Cecil, Ohio, from its start with just a couple of pieces of equipment to today’s business operation that handles excavation work for large housing and retail projects. The growth was accomplished with help from Citizens National Bank and his banker Adam Fritz, where the Todd’s turn for all their banking needs, including those associated with their 1,700 acre-farming business. Mike likes knowing that he and CNB are a team and that he will receive personalized service whenever needed. Watch Mike’s story to see how he’s growing his businesses for himself and his family.

See More Success Stories

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