Routing Number: 271172644
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.
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.
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.
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.
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.
The Farmer Mac USDA Guaranteed Loan Program, also known as "Farmer Mac 2", helps rural lenders originate Farm Service Agency (FSA) and Rural Development (RD) loans which provide farmers a wider variety of loan products with attractive rates and terms, including long term fixed rate farm real estate loans.
220 East Broadway - Monmouth, IL
200 South Broadway - Stronghurst, IL
