Financing livestock, machinery and equipment
Interra Credit Union will work to help you purchase new assets or use property you own to help you finance business expenses or consolidate debt.
What is a farm asset loan?
A farm asset loan is a term loan that may be used to purchase assets like equipment, livestock, grain, seed, or other farm tools and supplies. Or, -possibly use the equity in your current assets to finance farm expenses or refinance debt.
How much will my payments be?
Interra offers low rates and a variety of terms to keep payments low and manageable. Lenders will work with you to find a payment option that is consistent with your operation’s revenue stream.
How long will the decision take?
Because Interra is a locally-based financial institution, most decisions are made within 15 days from application. The credit union also offers 48-hour decisions for online loan applications for financing under $100,000.00.
How do I apply for a farm asset loan?
Applying is as easy as a call or email. Just use the convenient Apply Now button above. An Interra lender will contact you to get the process started.
What documents do I provide when I apply?
Simply start by contacting us and describing your loan needs. Your lender will explain the process and let you know what information and documentation is needed to make the loan decision process fast and convenient.