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Ag Loans

Ag Loans
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Summary

Loans can be repaid with monthly, quarterly, semi-annual and annual payments of interest and principal. They are best for entities that need short-term or seasonal borrowing, real estate bridge loans and building and equipment expenses for investment properties.

  • Variable rate loan based on Wall Street Journal prime
  • Minimum loan amount of $5,000
  • Repayment can be tailored to customer's need
  • Simple interest is billed quarterly, semi-annually or annually
  • Customer receives billing notice for interest and scheduled principal reductions
Requirements
  • Annual personal and business financial statements and copies of federal tax returns required
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Sutton Bank, Member FDIC, Equal Housing Lender