Solutions Built for Local Farmers
Farming is a way of life in the Midwest. At German American State Bank, we take great pride in our role as a lending partner to local farmers. From helping you maintain steady cash flow with a line of credit, to providing a loan to purchase new equipment, livestock, or real estate, our lenders are focused on helping you find the right loan with the right terms and rate. If you're ready to work with a lender who understands your needs and the unique challenges your operation faces, please contact your local office to speak with a member of our lending team.
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Agricultural Loan Offerings
Loan Type | What You Need to Know About This Loan |
|---|---|
Ag Term Loans | Designed for long-term investments such as land improvements, facility construction, or major equipment purchases. Offers fixed repayment terms and may include flexible structures based on seasonal income. |
Operating Lines of Credit | Provides flexible, short-term funding to cover day-to-day farm expenses like seed, feed, fuel, and labor. Interest is only paid on the amount used, and funds can be accessed as needed throughout the season. |
Ag Equipment Loans | Tailored for purchasing new or used agricultural machinery. These loans typically offer fixed rates and terms aligned with the equipment’s useful life. May require a down payment or collateral. |
Ag Real Estate Loans | Used to purchase or refinance farmland or agricultural property. Offers long-term financing with fixed or adjustable rates. May require appraisals, title insurance, and a down payment. |
Livestock Loans | Provides funding for purchasing or raising livestock. Terms and repayment schedules are often structured around the production cycle. May require detailed herd plans and collateral. |
Illinois Ag Invest Program Loans & Linked Deposit Program Loans | Ag Invest Program Loans are offered through our partnership with the Illinois Treasurer’s Office. These below-market fixed-rate loans can be used to purchase equipment, secure a line of credit, purchase land, and cover construction costs. |
Beginning Farmer Loans | These loans are offered through our respective partnership with various local county FSA officials and are designed to help beginning farmers overcome the increasing barriers-to-entry that they face. |
FSA Guaranteed Loans | These loans are offered through our respective partnership with various local county FSA officials and can be utilized by all producers to obtain favorable terms, including long-term fixed rates and favorable loan structure. Our lenders are exceptionally well-versed in the assisting producers gain access to this valuable set of tools. |
Ag Deposit Accounts
Farming has its own pace, priorities, and financial needs—and your accounts should reflect that. Our Ag deposit products are built specifically for our farming community, giving you tools that work the way you do: simple, reliable, and ready when you need them.
Our Ag Checking Account makes it easy to manage everyday expenses and access your funds when you need them. When it’s time to set aside earnings for the next season, our Ag Money Market Account helps you earn competitive interest while keeping your cash within reach.
At Foresight Bank, we’re proud to offer banking solutions built for the people who help our communities grow.
Foresight Ag Checking
- No minimum balance
- 350 free debit items per statement cycle*
- Access to digital banking services
- Business MasterCard® debit card
- Compatible with treasury and cash management services
- eStatements*
- $100 minimum opening deposit
Foresight Ag Money Market
- $25,000 Minimum Balance Requirement**
- Account earns interest (tiered)
- Access to digital baking services
- Monthly statements
- Compatible with treasury and cash management services
- eStatements*
- $100 Minimum Opening Deposit
**Monthly maintenance fee applies if balance falls below the minimum balance requirement.