Agriculture is the economic backbone for Northeast Iowa and First National Bank is proud to be a part of it. We are committed to strengthening that pillar through assisting agri-businesses in making sound financial decisions to operate and grow their operations. We are proud to assist area agri-businesses and we look forward to assisting you in making sound financial decisions to be competitive in today's fast changing agricultural world. 

All loan decisions are made locally, and our knowledgeable commercial bankers at First National Bank can provide the expertise you need to properly finance, structure, and grow your farm finances. We offer the following types of loans to fulfill the above objectives: 

Operating Lines of Credit

  • Pre-approved lines for future use.
  • Interest only on funds used. 
  • Competitive rates and flexible terms
  • Funds for production, operating expenses, and feeder livestock purchases

Personal Property Loans

Pre-approved loans are available for new and used machinery, breeding livestock, and minor real estate improvements.

Real Estate Financing

First National offers a complete line of real estate financing options including funds for purchasing or refinancing real estate as well as the construction of new facilities. Short term and long term fixed rate options are available. See your commercial banker for details. 

Agriculture/Government Guaranteed Programs

First National is an active participant in several government guaranteed loan programs including: 

  • FSA Guarantees: Provides financing for operating, intermediate, and long term needs with interest reduction options available. Visit the Farm Service Agency website for more details.
  • SBA Guarantees: Provides financing options for intermediate and long term needs. 

Beginning Farmer Loans

First National Bank is an active participant in the Beginning Farmer loan program. If eligible, a farmer is able to obtain financing for real estate and other depreciable assets purchases at interest rates which may be one to two percentages below market rates. The Beginning Farmer Loan program can be used in conjunction with several direct loan programs through Farm Several Agency which carry very attractive interest rates and loan terms. Contact a commercial banker for details. Visit the Farm Service Agency website for additional details.