Michael DeLong
m.delong@firstbankbaldwin.comVP/Commercial/Agriculture Loan Officer
Employee since 2017
Baldwin Girls Hockey Coach and Board Member
Tractor tilling a field
VP/Commercial/Agriculture Loan Officer
Employee since 2017
Baldwin Girls Hockey Coach and Board Member
Working capital loans are typically used to purchase crop inputs, feeder livestock, or feed. Allows you to borrow, repay, and re-borrow funds throughout the term of the loan. Credit lines are available to compliment your cash flow needs. They offer flexible repayment terms with payments made monthly, quarterly or annually to correspond with the timing of your cash flow.
Personal property loans are used to purchase breeding livestock and machinery. They offer easy-to-budget fixed payments, with amortizations up to 7 years.
Farm real estate loans are used to purchase land or buildings. They can also be used for building construction and renovation projects. Typical amortizations are up to 20 years.
As an FSA Certified Lender (CLP) First Bank of Baldwin works extensively with the FSA guaranteed loan programs. These loans are used by farmers who do not qualify for conventional financing. The money is borrowed from the bank. Our qualified lending personnel complete all loan documentation. FSA guarantees up to 90% of any losses on the loan to the bank. Lines of credit, personal property loans, and real estate loans are eligible.
WHEDA CROP loans provide up to 80% guaranteed loan amounts of greater than $50,000 for expenses for farmers who do not qualify for conventional financing. WHEDA FARM is a guaranteed loan program for producers who wish to expand or modernize an existing operation.