Agriculture Loans

Agriculture Banking

Agriculture is a big part of our region and Milledgeville State Bank is committed to agriculture. We have been providing financial services to the agricultural community since 1942 and our independent ownership provides the continuity needed to make us a dependable source of credit during good times and bad. Dependability is a quality you look for in the equipment you use, the friends you hold dear, and the bank you do business with. That dependability is just as important to us.

Our lending philosophy is simple: we strive to build long-term relationships based on mutual trust and respect. We are committed to bringing you the best possible interest rates and flexible repayment terms.

We have the products and the people to ensure your family farm continues to thrive. Whether you’re looking to buy more land, or invest in productive new equipment, we’re here to help you reach your goals. Stop by to see Matt Scholl or give him a call at (815) 225-7171 to schedule an appointment.

Operating Loans and Lines of Credit

We offer loans for both your short-term and annual farm operational expenses – such as for crop production or feeder livestock purchases.

These loans can range from 90-360 days for expenses, or for greater flexibility, we have revolving lines of credit that allow qualified borrowers to use the cash when they need it.

Equipment Loans

If you plan to purchase or update your farm equipment, our banks offer flexible financing options. 

We offer competitive fixed and variable rate loans with terms ranging from two to seven years. Your down payment can consist of a cash payment and/or a trade-in allowance. We will also work out a convenient repayment plan to meet your cash flow objectives.

Agricultural Real Estate

Our bank offers long-term financing for the purchase of real estate, building expansion, or refinancing. Our loan packages include Farmer Mac competitive fixed and variable rate loans amortized up to 20 years. We also participate in various federal and state programs such as the Farm Service Agency Guaranteed Loan Program and the Illinois Finance Authority Beginning Farmer Bond and Guaranteed Loan Programs.

The Beginning Farmer Bond Loan Program provides a below-market interest rate which reduces the cost of borrowing. The Farm Service Agency Guaranteed Loan Program allows for more favorable terms when refinancing or restructuring debt. This can improve the agricultural producer’s cash flow picture.