Credit Evaluation School - May 2023

Internal Use Only

Agricultural Loans – Working Capital & Equipment

Primary Documents Required: • Promissory Note • UCC Lien Search/UCC-1 Financing Statement • Farm/Livestock Inspection • Appraisal/Valuation of Collateral/Bill of Sale

• Security Agreement • Agreement to Provide Insurance • Financial Statements

Internal Use Only

Agricultural Loans – Real Estate

What is it: A loan which is secured by farmland and known to be used or usable for agriculture purposes, such as crop and livestock production. Farmland includes grazing or pastureland, whether tillable or note and whether wooded or not.