Northern California Farm Credit: Financial Solutions: Loan Options

Operating Loans
Purpose	For Example...	Key Benefits	Rates
Ongoing expenses	• Operating inputs (feed, seed, labor, fertilizer, repairs, livestock, rent, taxes, insurance, family living) • Any business expense • Letters of credit	• Matched to your production cycle, usually 12 months • Revolving and nonrevolving lines • Secured and unsecured loans	• Variable • Prime
Capital assets	• Machinery, vehicles, equipment (new or used) • Livestock • Buildings and improvements • Non-ag investments • Letters of credit	• Specific term, usually 1 to 10 years • Revolving and nonrevolving lines of credit • You can consolidate loans from other lenders • You can also finance an entire line of equipment	• Variable • Prime

More about terms

The maturity of a short-term loan generally coincides with the normal production cycle of the commodity being produced, usually one year or less. Most often, loans are secured by a first lien on the crops or livestock to be produced and the income and receivables they generate.

Operating loans are approved and structured on the basis of a projected budget and cash flow so the repayment terms fit your operating needs.

Express Loans

Sometimes you just can't wait for answers when it comes to money your farm business needs. That's why we reduced the paperwork and simplified our loan application and renewal process.

Once you complete our simple Express Loan application, you'll have your answer within one business day. No processing fee. No prepayment penalty.

We're here to help you grow and succeed financially. It's the Farm Credit Way!

Mortgage Loans
Purpose	For Example...	Key Benefits	Rates
Long-term needs	• Real estate • Orchard development • Irrigation and land leveling • Building and improvements • Debt refinancing • Construction loans for residences, processing and storage facilities, etc.	• Specified term, usually 10 years or more	• Variable • Fixed
Non-ag purchases	• Investment properties • Vacation homes • Family homes • College	• Available for full-time ag business	• Variable • Fixed
A home in the country	• Building, purchasing, improving, remodeling or refinancing a new or existing home • A home, and extra acreage	• Repayment terms up to 30 years	• Variable • Fixed • Adjustable

More About Mortgage Rates
Type	For Example...	Fees
Variable Interest Rates (VRM)	• We evaluate rates each month, and may adjust rates monthly	• No repayment fee • No interest rate cap
Fixed Rate Mortgage (FRM)	• Lock in a rate for 5-, 10-, 15- or 20-year periods • Loan maturities can be from 5 to 40 years • Amortization schedules are based on the total loan maturity	• No repayment fee
Repriced Fixed Rate Mortgage (RPM)	• Some of our lowest rates • Terms: 6 months and 1, 3, 5, 15 or 20 years • Repricing at end of fixed term, depending on loan maturity • Amortization schedules are based on the total loan maturity.	• Repayment fee
Adjustable Rate Mortgage (ARM)	• Interest rate periods: 6 months and 1, 3, and 5 years • Rates are tied to U.S. Treasury index • Interest rate caps per period and for the life of the loan	• No repayment fee

Northern California Farm Credit is an equal housing lender.

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