Equipment Loans

As farming practices change, so do your equipment needs. Keep your operation moving forward with our equipment loan — an affordable option for purchasing or upgrading your equipment.

Our local lenders will work with you to establish terms that are suitable to your operation, and work to secure you the best rate possible. Keep your operation running smoothly, and apply today.

FSA Operating Loans/Machinery Programs

These Farm Service Agency (FSA) guaranteed loan programs are used in central Illinois counties to offer a reduced rates of interest for beginning farmers and customers with tighter cash flows. Interest can be reduced by 4% for those who qualify, with loan limits per borrower. These loans are guaranteed by the federal government and therefore do not require a family guarantor or co-signer.

IFA Loan Programs

Flanagan State Bank participates in all programs which the Illinois Finance Authority (IFA) has developed for the benefit of Illinois farmers. These loans include: specialized livestock guaranteed loans that are intended for the expansion and development of livestock farms; the Young Farmer Guarantee Loan for the purchase of machinery and/or real estate without a cosigner; and the most popular, the Beginning Farmer Bond Program. This program uses tax-exempt bonds to reduce the interest expense for farmers who meet certain qualification requirements.

Illinois State Treasurer Link Deposit Loans

Flanagan State Bank knows that agriculture is a major component of Illinois’ economy, and lending operational and long-term money at a rate that is attractive to farmers assists in keeping the agriculture backbone of Illinois strong. A borrower may receive these loans by completing a simple application form with Flanagan State Bank and certifying that he/she will be using the funds for goods and services related to the production of agriculture products or alternative agriculture products. These loans have limits per borrower and operation for operating money and per operation for machinery purchases. Contact one of our Ag Lending Officers for more information.


  • Get new or upgraded equipment to keep your operation running smoothly
  • Improve productivity and efficiency
  • Receive funds in one upfront sum
  • Low rates and flexible terms for affordable payment plans
  • Easy to apply
  • Dedicated Personal Ag consultant to answer all your questions
  • Customized break-even analysis provided
  • Free Ag newsletter “Farming with a Future” for further education
  • Availability after business hours
  • In-house processing for efficiency and expediency
  • Friendly, attentive service

Whether you have questions or are ready to get started, reach out to a member of our Ag Lending Family or contact us to learn more.

FSB Ag Dept Facebook Page Icon For: Facebook Widget