At Mifflinburg Bank & Trust we offer short and long term loan products and services to our AG customers. We have personalized service, flexible terms and competitive rates. Loans are approved quickly right here within our community. Our Agricultural Specialist will meet with you at your farm and at your convenience. Mifflinburg Bank & Trust is your bank for superior customer service.
- Agricultural/Commercial Line of Credit
- Single Payment Agricultural Loan
- Agricultural Installment Loan
- Adjustable Rate Mortgage (ARM)
For complete details Contact Us Now, call a Customer Service Representative at any of our office locations, or call toll free 1-800-888-MBTC (6282).
Agricultural/Commercial Line of Credit - Our MBTC agricultural line of credit is an open-ended loan providing the flexibility of borrowing and repayment to fit your seasonal credit needs.
- Interest only payments
- Monthly or quarterly billing of interest
- Overdraft protection for a deposit account is available at your request
- Up to 5 year term
- Can be secured or unsecured
Single Payment Agriculture Loan - Our MBTC single payment agriculture loans are interest only loans with principal due on or before maturity.
- Interest payments monthly or quarterly
- Single principal payment on or before maturity
- Direct charge of interest payments monthly or quarterly
- Unsecured
Farm Installment Loan- Our MBTC farm installment loans are shorter-term loans for purchasing farm equipment or breeding livestock, purchasing specialized farm equipment, farm improvements, real estate or refinancing short term debt.
- Interest rate fixed for full term of loan
- Payment tailored to your cash flow
- Direct charge of payment available
- Secured or unsecured loan available
Adjustable Rate Mortgage (ARM) - Our MBTC adjustable rate farm mortgages are for 3, 5 and 10 year terms for long term financing of major capital purchases, improvements, or refinancing of farm debt. Loan is secured by farm real estate.
- Interest rate is protected from application to closing
- Loan terms to 25 years
- One application fee
- Lend up to 80% of the value of the farm
- Payments tailored to your cash flow
- Payments that are automatically deducted from a MBTC checking account receive .25 interest deduction
- 3 year ARM - 3 year fixed rate with rate adjustment every 3 years thereafter
- 5 year ARM - 5 year fixed rate with rate adjustment every 5 years thereafter
- 7 year ARM - 7 year fixed rate with annual rate adjustment thereafter
- 10 year ARM - 10 year fixed rate with annual rate adjustment thereafter
For complete details Contact Us Now, call a Customer Service Representative at any of our office locations, or call toll free 1-800-888-MBTC (6282).
