Just as there are many reasons to obtain a loan, there are many alternatives to consider when arranging for bank financing. Peoples National Bank is happy to offer the following options:

Term Loans

If you need money to finance the purchase of equipment, expansion or remodeling, a term loan will allow you to amortize the principal and interest over a longer period of time.

Lines of Credit

If your business needs an adjustable credit limit to help with seasonal fluctuations, a line of credit may be what you need. Our Line of Credit will allow your business to operate smoothly, providing cash resources during your seasonal fluctuations. Your operating line of credit ensures that funds are always readily available at your request.

Commercial Mortgages

Commercial Mortgages help build your future. Whatever your need may be, we offer experience in helping you finance building your business.

Small Business Administration (SBA) Loans

As a certified SBA Lender, Peoples National Bank offers the expertise and experience you need and want. If your business doesn't have the collateral or credit history to qualify for traditional bank financing, we can help you apply for an SBA Loan. SBA Loans help businesses (that would not otherwise qualify) receive the financing necessary to prosper and grow. Long or short-term financing, at fixed or variable rates, is available for all types of small business needs with an SBA Loan.

Helping farmers establish a firm foundation

Our loans are structured with the unique needs of farm operations in mind. Whether it's the purchase of livestock or machinery, operating financing, or a commercial lease or mortgage, your personal lender will put together a financing plan designed to meet your needs.

FSA Assistance for Beginning Farmers

USDA's Farm Service Agency provides financing for the purchase of farmland if you have 3-10 years farming experience and currently own less than 25% of the average acreage in your county.

• Below market interest rates for the life of the loan
• Longer-term financing to help ease cash flow during the years of your operation
• Permitted purchases from relatives if you're looking to keep the family farm in the family

Illinois Finance Authority - Beginning Farmer Bond Program

This program provides affordable financing to new farmers for capital purchases including farmland, improvements and new or used farm equipment. If you're 18 years or older and you have no prior ownership in a substantial amount of land, this program has great benefits.

• Below market interest rates for the life of the loan
• Longer-term financing to help ease cash flow during the years of your operation
• Permitted purchases from relatives if you're looking to keep the family farm inthe family

State of Illinois Agriculture Loan Program - State Linked Deposit Program

The State Linked Deposit Program offers Illinois farmers with affordable financing for operating capital, livestock and equipment purchases. In this program, the State of Illinois deposits money at Peoples National Bank for up to one year - funds which the bank loans to farmers for up to one year.

• Below market interest rates guaranteed for one year
• Low down payment requirements to help free up cash

Farm Service Agency - Guaranteed Loan Program

This program provides financing to farm operators who have encountered poor earnings from adverse weather and whose financial position is expected to improve over time. Purposes include the financing of operating capital, equipment, livestock, farmland and improvement purchases.

• Reduced interest rates
• Longer-term financing

Federal Agricultural Mortgage Corporation - Farmer Mac I and Farmer Mac II

Farmer Mac I provides financing for conventional ag loans. Farmer Mac II is also available for farming operations that qualify for the Farm Service Agency Guaranteed Loan Program. These loans allow your operation to finance farm land for 5 to 15 years with amortizations of 15 or 25 years. Fixed and adjustable rates are available. For our more mature farming operations, "choice" pricing may be available.

• Flexible options on rate and term
• Quick preliminary approval from Farmer Mac
• Assistance with application process and continued servicing by your local Ag Lender