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Litchfield National Bank has been financing the agricultural communities
of the area since 1907. We take pride in personal service and would
be happy to discuss your individual operation’s needs. Litchfield
National Bank works with the local FSA office and the state of Illinois
through various loan programs to obtain the best rates and terms
for our customers.
- Revolving Lines of Credit – A revolving
credit account used to finance the input costs of your individual
operating cycle. With this product we will advance money when
the need arises, and it is repaid at the end of your operating
cycle.
- Equipment / Machinery – New machinery
can be financed over 7 years and used machinery over 5 years.
We will lock in an interest rate for up to 5 years and tailor
the payments to meet your needs.
- Real Estate – Our real estate loans
can be amortized over 30 years for up to 85% of the property’s
appraised value.
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Nick Kuhns, our Ag Loan Officer, would
be happy to sit down with you to discuss your operational
needs. At Litchfield National Bank loan decisions are made
by local individuals with an agricultural background.
Contact Nick
Kuhns today and find out how our competitive pricing and
flexible loan terms can help your farming operation.
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Expertise in financial analysis, cash flow and business plans help
Litchfield National Bank structure the best loan packages possible
for your business. You will be well informed about the status on
your application because all loan decisions are made in-house.
Long and short term loans are available for:
- Operating Needs – Provide immediate working
capital to purchase inventory, or to cover payrolls, taxes, utilities
or other expenses.
- Equipment / Machinery – Finance larger
credit needs, such as purchases of machinery and equipment, with
a loan designed to keep your monthly obligations at a reasonable
level.
- Commercial Real Estate – Start, move
or expand your business with a commercial real estate loan to
help you respond quickly to opportunities.
- Revolving Lines of Credit – Gain increased
control over finances with a revolving line of credit to use at
your discretion. Your credit line is based upon the value of your
assets and replenishes itself as you pay the balance.
In addition to the above mentioned loans, Litchfield National Bank
also works with the Small Business Administration to provide loans
for the following:
- New construction
- Business operating costs
- Purchase equipment / machinery
- Purchase commercial property
Fixed and variable interest rates are available, with rates based
on local market conditions, term of loan and type of asset purchased.
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Contact Nick
Kuhns today and find out how our competitive pricing and
flexible loan terms can help your business. |
Whether you are ready for a new vehicle, dream vacation or just
need some money to cover an unexpected bill, a Litchfield National
Bank Installment Loan is a flexible and affordable way to make it
happen.
- Vehicle Loan – Both new and used vehicles
- Recreational Vehicle Loan – Let us help
you purchase your ATV, boat, camper or motorcycle.
- Personal Loan – To help cover that unexpected
expense or pay off those expensive credit cards.
Fixed and variable interest rates are available, with rates based
on local market conditions, term of loan and type of asset purchased.
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To make the application process quick
and convenient, contact Charlotte
Lowe. She will be glad to sit down to discuss your
needs. |
Litchfield National Bank provides several home loan products to
meet your individual needs.
Fixed-Rate Loans: Fixed-rate mortgages are written
for up to 30 years and will protect you from the risk of increasing
interest rates.
- No Down Payment – This is a great program
for the first time home buyer or when your current home no longer
meets your family’s needs. This is a 30-year fixed-rate
loan used to purchase your home. Both the home and borrower must
qualify under the USDA Guaranteed Rural Housing Program.
- 5% Down Payment – This fixed-rate loan
program helps borrowers with the means and desire to make a small
down payment while building equity faster.
- Conventional 20% Down Payment – This
is a welcome part of our real estate offerings and will afford
you a lower payment.
Variable-Rate Loans: Variable-rate Mortgages are
written for up to 30 years with the interest rate adjusting periodically.
- 10% Down Payment – For the borrower
who prefers the chance to take advantage of a lower interest rate
in the future.
- Mobile Home Loan – Written for up to
30 years on a new double wide home and 20 years on a used double
wide home.
- Home Equity Line of Credit - Our newest product
at Litchfield National Bank allows homeowners to tap into their
home’s equity to use any way they like.
- Short-term Construction Loan – Litchfield
National Bank can turn your dream home into a reality or expand
your current home to meet your needs. We’ll be glad to help
with permanent financing when the time comes.
Interest rates are based on the type of loan, along with current
market conditions and the term of loan.
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Contact our full-time Real Estate Loan
Officer, Chris
Brandt . She will be glad to sit down with you
to discuss your needs and determine which home loan product
is right for you. She promises a stress-free application process
and personal service during the entire process. |
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Agricultural
Lending
