Work with a Financial Team that Actually Understands Ag!
We know agribusiness. That’s because Union State Bank has been helping farmers and ranchers like you for more than a century! Our lenders are on deck and ready to talk with you about financial solutions for your unique needs. Contact Us Online to Begin the Loan Process or Contact a Loan Officer.
Here are a few of our products and services that can help grow your operation:
- Crop input loans
- Farm & ranch real estate
- Feedlot financing
- Letters of credit
- Livestock financing
- Machinery & equipment
- Operating lines of credit
- SBA loans
- FSA guaranteed loans
- Flexible payment options: Principal and interest payments, Interest only payments, Fixed interest rate, Variable interest rates
What you'll need to get started
- Copy of past three (3) years tax returns
- Current financial statement
- Cash flow statement
- If real estate purchase, a copy of real estate purchase contract
- Name of insurance agent and company that will be insuring collateral
- Copy of photo identification (i.e. driver’s license – if new customer)
Best Business & Financial Practices
- Know your cost of production
- Have an accurate up-to-date balance sheet
- Complete and utilize accrual adjusted income statements
- Conduct enterprise analysis
- Utilize key financial ratios in your business
- Have a three-prong risk management program (revenue, inputs and interest rate)
- Conduct sensitivity analysis on cash flow
- Communicate with your lender if you have a problem
- Utilize a business plan
- Make an annual appointment with your lender