Globally, the agriculture business is a $3.4 trillion industry employing over 880 million people worldwide. In the United States, agriculture contributes to nearly 5% of the country’s gross domestic product (GDP), or roughly $1 trillion annually, employing over 10% of the entire U.S. workforce.
From these statistics, it’s clear agriculture is a dominant force within the U.S. economy, one that requires the support of many to operate and produce at full capacity day in and day out. Our team at Merchants Bank of Indiana (MBI) is committed to supporting the needs of our customers by offering a variety of unique loan products designed to fit the individual style of each customer and their business.
With over 30 years of experience in agricultural (ag) lending, our expert team of loan officers provide unparalleled service to countless businesses across the state of Indiana and the greater Midwest. One key feature of our bank is our commitment to flexibility.
A community bank at our core, we are dedicated to serving our local and rural customers in ways that meet their personal preferences. Whether conducting business virtually, over the phone or directly in-person, our team is willing and able to accommodate the specific needs of each individual customer. We pride ourselves in building and maintaining trust with all of our ag lenders, working alongside your business from beginning to end — from analyzing all your loan options to visiting you even after closing.
At MBI, we offer our customers a unique and flexible portfolio of agricultural loan products, including a 5-year adjustable-rate loan as well as a full suite of fixed rate options. During our first meetings, we’ll offer you all our loan options and equip you with whatever path we feel suits your business the best.
Within the suite of Ag loans, MBI specializes in three key areas:
- Operating loans for crop and livestock production.
- Intermediate loans for financing of farm-related equipment and vehicles.
- Real estate mortgages for purchasing farm ground or to refinance and consolidate farm debt.
All of our agricultural loan products offer customized payment schedules to best fit our customers financing needs. Our expert team of agricultural loan officers are prepared to take you through the loan process step-by-step, ensuring continued and quality service throughout the entire hands-on process.
Whether looking to start or expand your ag business, Merchants Bank of Indiana is certain to have a financing option perfect for your needs. That’s ag lending you can bank on. Contact us for more information and to learn about today’s loan rates.
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