A quick word about First South Farm Credit of Alabama, Louisiana and Mississippi.
The Farm Credit System was established by Congress in 1916 to provide a dependable source of credit and financial services for Rural America. The Farm Credit System is one of six Government Sponsored Enterprises (GSE's) created by Congress. GSE's are privately owned corporations providing adequate sources of credit and credit services. The Farm Credit System is made up of a network of Farm Credit Banks and Farm Credit Associations that ensure all segments of Rural America are being served.
First South Farm Credit is a Farm Credit institution that is privately owned by its stockholders and controlled by its locally elected board of directors.
First South Farm Credit is the Farm Credit System's largest lending institution in Alabama, Louisiana and Mississippi, and the only institution offering uninterrupted loans and financial services since 1933
First South offers loans to purchase and finance land and timber, hunting and recreational property, loans for land improvement, construction of ponds, lakes and country cabins.
First South offers long-term land loans through our loan participation program. We also provide short and intermediate-term loans for agribusiness and agricultural production.
Other specialty programs for land financing, our Capital Markets Division for agribusiness loans and our Young, Beginning and Small Farmer Program, will provide you with quick responses, fast turnaround, flexible terms and competitive interest rates.
Our experienced and specialized loan personnel set us apart from other lending institutions. Call one of our local offices or call us at 1-800-955-1722. Or you can submit a loan inquiry direct from this website.
If you desire to become a land owner, First South can help. We specialize in financing and refinancing land in the country.
First South offers competitive interest rates, flexible terms, quick response and fast turnaround.
First South's Loan Programs - Fixed Rate and Variable Rate Loans Are Available with Terms up to 30 Years
We have a full line of flexible loan terms and payment plans that are indexed to the Wall Street Journal Prime Rate or LIBOR (London Interbank Offered Rate) and are competitive with other lenders.
Land Loans - To purchase and refinance land
First mortgage land loans with terms tailored to meet customer's needs
Loans to purchase or refinance land with terms up to 30 years.
If you desire to become a part-time or full-time land owner, First South offers loan products for:
- Purchase and/or refinance land
- Purchase and/or refinance timber properties
- Special timber financing program
- Hunting and recreational properties
- Land improvements
Lakes and ponds
Barns
Country cabins
Short-Term Intermediate Term Loans - Loan amortizations from 1 to 15 years
- Land purchase and refinance
- Poultry operations
- Farm machinery and equipment
- Timber tracts
- Farm land for recreation purposes
- Cotton gins
- Sugar operations and sugarcane processing
- Refinancing short-term debt
- Agribusiness
- Rural development financing
And much more
Production Loans
Loans for operating purposes - usually less than one-year maturity. First South offers revolving and non-revolving lines of credit and competitive rates customized to fit your business needs.
Commercial Agribusiness Loans - Capital Market Group
First South's corporate agribusiness department specializes in large commercial loans. Our professional loan officers specialize in providing credit and financially related services to large agribusiness and agriservice companies that serve rural America.
Federal and State Guarantee Loan Programs
First South Farm Credit is available to participate with a variety of loan programs sponsored by state and/or federal agencies offering loan guarantees for agricultural and/or rural development purposes. First South has earned the Preferred Lender designation to offer loan guarantees through the Farm Service Agency (FSA). We are also approved by the U.S. Small Business Administration (SBA) and the USDA Rural Development Administration (RDA).
Loans to Purchase or Refinance Land in the Country - and Loans for Agribusiness or Agricultural Production
Loans to Finance or Refinance Land, Land Improvements, Timber, and Recreational Property (Fixed and Variable Rate Loans with Maturities up to 30 Years Are Available)
Short Term Loans - For Agricultural Production Purposes
- Up to 1 year maturity
Loans for general operating expenses such as labor, feed, seed, repairs, inventory, etc. These are operating type loans and lines of credit within the operating cycle of the business.- Examples: cotton, soybeans, rice, peanuts, corn, catfish, sugar cane, truck crops, cattle, dairy
Intermediate Term Loans - For Refinance or Expansion Purposes
- Between 1- and 10-year maturities & special 15-year loans
- Loans for machinery, equipment, vehicles
- Livestock purchases and facilities
- Land purchases
- Refinancing land debt
- Poultry and swine operations and facilities
- Farm and home improvements
- Loans for catfish and other aquatic operations
- Loans to finance the basic processing and/or marketing activities that are an extension of farm production
- Examples: cotton gins, poultry processing, catfish processing, sugar cane, etc.
Commercial Agribusiness Loan Program / Special Timber Loan Program
- Repayment schedules tied to marketing plans.
Loans to Finance or Refinance Land, Land Improvements, Timber, and Recreational Property / Loans for Small, Young and Beginning Farmers
Financially-Related Services
Equipment and Vehicle Leasing
To lease equipment and/or vehicles including pick-up trucks and other types of utility vehicles. Lease payments may be tax deductible. Payments monthly, quarterly, semi-annually and annually.
Life Insurance
Competitively priced rates available
Multi-Peril Crop Insurance
This program is sponsored and subsidized by the federal government but is marketed by First South through private insurance companies as a service to our members.
Crop Hail Insurance
This program is offered to protect the producer from damage caused from hail, fire and wind.
Loan Guarantees
Loan Guarantees through the Farm Service Agency (FSA), The US Small Business Administration (SBA) and USDA Rural Business and Industry (B&I) Guarantees.
Young and Beginning Farmers Program
Contact a First South office today to ask about our loan programs 800-995-1722
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