Credit Evaluation School - May 2023

AGRICULTURAL LOANS WORKING CAPITAL AND EQUIPMENT

What is it: Loans for the purpose of financing agricultural production and equipment. Typical loans within this category are for: growing, storing, or marketing of crops, breeding, raising, fattening, or marketing of livestock, financing fisheries, forestries, and commercial fishermen, and purchase or maintenance of farm machinery, equipment, and implements.

5. PRIMARY DOCUMENTS REQUIRED:

☐ Promissory Note ☐ Security Agreement ☐ Lien Search ☐ Financing Statement (properly filed) ☐ Evidence of Insurance ☐ Farm or Livestock Inspection ☐ Financial Statement ☐ Tax Returns

Page 5