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The
Bank of Kremlin has competitive rates and terms customized for your
operation, with experienced agriculture loan officers. Whether you need
short term cattle and operating credit or long term financing, The Bank of
Kremlin should be your only Ag lending source.
Guaranteed Loan Program
The Bank of Kremlin is one of the
largest Farm Service Agency guaranteed lenders in the state and has achieved
the top status in the U.S. of “preferred lender.” This designation is only
awarded to lenders that have extensive experience in agriculture lending and
have performed at a certain level of excellence.
Agriculture Linked Deposit Programs
The Agriculture Link Program was created
by The State of Oklahoma to assist at-risk farm & ranch operations. The
assistance comes in the form of reduced interest rates to qualifying
applicants thru The Bank of Kremlin.
These low interest programs can save you thousands of dollars off your
annual interest payments.
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CATTLE
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We finance all types of
cattle from the cow calf man to the feedlot. Financing your cattle with The
Bank of Kremlin has the following advantages:
- Experienced lending staff that is knowledgeable in the cattle
industry
- Pre-approved revolving lines of credit that let you make the
decision of when to buy and sell
- Affordable rates, due to our low overhead and rural locations
- We understand price protection and the need to limit risk.
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MACHINERY & EQUIPMENT
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These types of loans can have a maturity
of up to seven years to update or replace equipment.
- Loans can be set up on a monthly, quarterly, semi-annual or
annual basis to meet your cash flow needs.
- Knowledgeable staff in the equipment lending business
- Competitive interest rates
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REAL ESTATE
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We offer competitive interest rates.
We also offer agricultural real estate loans with monthly,
quarterly, semi-annual or annual payment schedule available.
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Special Agriculture Loan Programs The Bank
of Kremlin recognizes
the unique needs of the agricultural customer and tries to participate in
any special program that will benefit the farmer & rancher.
Beginning Farmers Loans
This program is made available in conjunction with The Oklahoma Develop
Finance Authority. It provides credit for term debts using below market
interest rates to help a first-time farmer build wealth in his operation.
Give us a call at: (580) 874-2244 for
all your agriculture loan needs.
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Today’s
business market is constantly changing. The Bank of Kremlin can help you
prepare for unexpected expenses and plan for future opportunities from the
day to day challenges of owning and operating your own business. We provide
you a variety of flexible lending options that will help you meet your goals
and take advantage of all business opportunities.
The Bank
of Kremlin has the capability to handle sophisticated commercial credit.
More importantly, our lenders have the knowledge and authority to manage
credit needs as they arise.
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Special programs for Commercial
Lending:
Guaranteed Small Business (SBA)
The Bank
of Kremlin works with SBA to make numerous types of loans. These loans can
help purchase inventory, equipment, land and provide working capital.
Business Link Deposit Program
The
Business Link Deposit Program was created by The State of Oklahoma to assist
small business. This program offers a lower interest rate in return for job
creation. The amount the applicant qualifies for depends on the number of
jobs created.
For more information on these
programs call us at (580) 874-2244.
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Consumer – All types of personal loans
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Real
Estate – Interim construction and term financing offered on a fixed or
adjustable rate basis.
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