Agribusiness

Security Savings Bank is committed to helping the agribusiness industry grow and prosper. Regardless of the size of your operation, we have a wide range of products from which to choose.

Agribusiness Lines of Credit

Operating cash is available when needed

  • Can be used for production and other operating expenses
  • Pre-approved lines for future use
  • Flexible repayment terms
  • Competitive rates (please call or stop by for current rates)

Equipment and Livestock Loans

  • New or used machinery and equipment, livestock and minor real estate improvements
  • Flexible repayment terms
  • Competitive rates (please call or stop by for our current rates)

Agribusiness Real Estate Loans

We offer financing to buy new property, build a new facility or expand an existing one.

  • Competitive rates
  • Payment schedules that meet operation cashflow
  • Purchase capital assets or refinance existing ones
  • To see what an annual payment would be, click here to go to the calculator page

Security Savings Bank also works with the following government agencies. These program options are initiated by your agribusiness department, so please contact the bank for more information.

Farm Service Agency

Guarantee Program

This program allows qualified borrowers to advance more loan funds against available collateral than typical loan guidelines might allow. When used in combination with capital purchases, it could provide the borrower with the option of making a reduced down payment on a purchase.

Illinois Finance Authority

Young Farmer Guarantee Program

This program is designed to assist young farmers finance capital purchases with favorable terms. Loans are made by Security Savings Bank who will then receive a guarantee on a portion of principal and interest from IFDA.

Beginning Farmer Bond Program

Federally tax exempt bonds are used to reduce the farmer’s interest rates for capital purchases with this program. It can also be used between a borrower and Security Savings Bank for a loan to make a direct purchase.

State Guarantee Program for Restructuring Agricultural Debt

This program is designed to consolidate and spread out a farmer’s existing debt over a longer term and at a reduced interest rate. Loans are made by Security Savings Bank who will receive a guarantee of principal and interest.

Specialized Livestock Guarantee Program

This program is designed to assist family-sized livestock operations to gain access to capital they might need to upgrade, expand or improve their livestock business. Loans made at Security Savings Bank will receive a guarantee on a portion of principal and interest from IFDA.