FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Our past benefits your future.
We’ve been serving the Agriculture community for over a century, so we understand the complexity and volatility of the industry and have a proven track record of standing by our customers and local communities. We will continue to support the future generations of agriculture in a spirit of innovation with broad financial capabilities to move their business forward.
- Lines of Credit
- Agriculture Term Loans
- Agriculture Real Estate Loans
- Beginning Farmer Loan Program
Lines of Credit
General Operating Lines of Credit
We know that sometimes your capital doesn’t line up with your need to move business forward. With our convenient line of credit options, we put the purchasing power in your hands with easy to access funds to maximize working capital and the profitability of your operation. Some common uses of an Operating Line of Credit may include:
- Carrying grain inventory
- Financing seed, fertilizer, chemicals and other operating expenses
- Livestock purchases
Term Loans
Your industry is fueled by state of the art livestock and crop production equipment, grain processing machinery and the latest technology innovation that will help you better manage and grow your business. With a personalized lending approach, your loan officer can help customize a solution that will allow you to gain the tools you need to operate more efficiently meet your bottom line goals.
- New or used equipment and machinery of all types
- Land purchases
- Buildings or improvement loans
- Farm Service Agency (FSA) beginning farmer loans
- Iowa Agricultural Development Division
Agriculture Real Estate Loans
In the market to buy farm property? Check out SCSB's New Financing Options for Ag Real Estate Loans. An alliance between SCSB and the American Bankers Association enables us to offer new loan products in conjunction with Farmer Mac that help finance existing or new ag mortgage loans at a discounted rate to our customers. Along with those discounted rates are a variety of new options including rates that are fixed for 10, 15 and 20 years.
Who is Eligible?
These new loans are designed to benefit those who are US citizens involved in agriculture and agribusiness as well as farmers and ranchers.
What is Eligible?
These loans can be used for a purchase of property and can also include facilities used in storage, processing and marketing of agricultural products.
What Loan Options are Available?
SCSB now offers a variety of ag real estate loan products to suit your individual situation including:
- Variable Rate Mortgages - The 5-year variable rate mortgage has a fixed interest rate for the initial 5-year period. Then the interest rate adjusts for two additional 5-year periods.
- Fixed Rate Mortgages - There are 10-year, 15-year and 20-year fixed rate loan options available. Payment frequency options include monthly, semi-annual or annual payments. By offering these flexible loan terms and competitive rates, SCSB can provide those involved in ag a risk management tool to balance short-term borrowings with a fixed-rate mortgage. Contact a loan officer at any SCSB location for more details as to how this new loan program can give you the best deal on ag real estate purchases.
- Farm Service Agency (FSA) beginning farmer loans
- Iowa Agricultural Development Division
Contact an SCSB Lender
For security purposes, please do not e-mail personal information such as your address, phone number, Social Security Number, Mothers Maiden Name or account numbers.
Beginning Farmer Loan Programs
Getting started on your own in farming requires capital, and that can be a challenge. The Beginning Farmer Loan Programs through SCSB enable beginning farmers to purchase farmland with the advantage of low interest rates.
A beginning farmer can participate in this and other Iowa Agricultural Development Division (IADD) programs through SCSB, as long as the applicant and the project meet guidelines.
Loan Participation Program
The Loan Participation Program assists low-income farmers to secure loans and make down payments. IADD participation can be used to supplement the borrower’s down payment, helping a farmer secure a loan more readily.
Beginning Farmer Tax Credit Program
This program allows agricultural asset owners to earn tax credits for leasing their land, equipment and/or breeding livestock to beginning farmers.
Beginning Farmer Custom Farming Tax Credit Program
This tax credit program offers a tax credit to anyone hiring a beginning farmer to do agricultural contract work for the production of crops or livestock.
More information is available at Iowa Finance Authority or by contacting a SCSB Loan Officer at SCSB.
Meet Our Lenders
Rob Bissen
Vice President
Panama / Portsmouth
NMLS#: 682948
102 Main Street
Panama, IA 51562
Shelly Boyle
Vice President
Mapleton
NMLS#: 488559
414 Main Street
Mapleton, IA 51034
Connor Bruck
Loan Officer
Harlan
NMLS#: 2502988
508 Court St.
Harlan, IA 51537
Michael Christensen
Sr. Vice President
Harlan
NMLS#: 1373829
508 Court Street
Harlan, IA 51537
Randy Coenen
Sr. Vice President
Harlan
NMLS#: 631103
508 Court Street
Harlan, IA 51537
Mathew Freund
Executive Vice President
Harlan
NMLS#: 631105
508 Court Street
Harlan, IA 51537
Kaitlyn Hoefling
Loan Officer
Battle Creek
NMLS#: 2482288
502 2nd Street
Battle Creek, IA 51006
Lydia Peterson
Vice President
Ida Grove
NMLS#: 477181
200 Moorehead Avenue
Ida Grove, IA 51445
Kris Skow
Vice President
Danbury
NMLS#: 488557
202 Main Street
Danbury, IA 51019
Evan Thelen
Loan Officer
Odebolt
NMLS#: 1552030
100 Main St.
Odebolt, IA 51458
Keri Weber
Loan Officer
Ida Grove
NMLS#: 2526780
200 Morehead Avenue
Ida Grove, IA 51445
Jim Zimmerman
Senior Vice President
Harlan
NMLS#: 631114
508 Court St.
Harlan, IA 51537