Minnwest Bank


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Loans That Keep Your Agri-Business Strong

Minnwest's roots are in agriculture.  Not only are many of our branches based in ag country, but the original cornerstone of our business was based on ag lending.  We are proud of this heritage and continue to honor that tradition today.  Our experience in agri-business has been noted by various government agencies because we have been awarded certified and approved lender status by these concerns!  This status can help you, our agri-business customers, enjoy programs that are designed to help you succeed.  We hope you'll turn to a financial institution that understands what it takes to keep agriculture and rural America strong.

Operating Loans and Lines of Credit

Short Term to Annual Operating Loans
Minnwest offers loans for both your short-term and annual farm operational expenses. These loans can help you with crop production, feeder livestock, breeding stock or machinery purchases or more. Generally, the loan terms range from 90 to 360 days. Farm Service Agency (FSA) Guaranteed Loans are also available.

Lines of Credit
For greater flexibility, consider a line of credit to cover your operating needs. With a credit line, qualified borrowers obtain a credit limit from which to borrow. When you need operating funds, you just access your line of credit with your special credit line checks.  You can draw out whatever you need (up to your limit) for whatever reason, no questions asked.  You'll only pay interest on the funds you use, not the entire credit line. A credit line gives you the freedom of knowing you can access your funds at any time to keep your Ag operations in full swing.  And if a need for cash arises, you won't need to take the time to apply for a conventional loan.

Real Estate Loans

Look to Minnwest for long-term financing for land purchases, building expansion and improvements or refinancing. Our loan packages include competitive fixed and variable rate loans amortized up to 20 years. Minnwest also participates in various federal and state programs, which assist in financing beginning and small farmers. These programs help to reduce the cost of borrowing and therefore improve the farmer's cash flow.

With our conventional loans and our participation in other programs, we have the resources to tailor the loan package to meet the needs of each individual Ag producer.

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Equipment Loans

If you plan to purchase or update your farm equipment, Minnwest's Ag experts can explain our flexible financing options.

  • Traditional Financing
    We offer fixed and variable rate loans with terms ranging from two to five years. Your down payment can consist of a cash payment and/or a trade-in allowance. We will also work out a convenient repayment plan to meet your cash flow objectives.
  • Leasing
    This can be a valuable alternative for your equipment financing needs. The leasing industry is a major source of capital for farming, and a cost-effective way to acquire the equipment you need to stay competitive and profitable. With leasing, profits are created through the use of equipment - not the ownership of it. Leasing helps keep bank lines of credit open and intact for short-term operating needs. In addition, long-term equipment purchases can be financed with low to zero down payment requirements.

State and Federal Programs

Minnwest Bank is an approved lender for many guaranteed Farm Service Agency (FSA) programs to assist with operating expenses and real estate purchases. We also offer some select loan programs through the Small Business Administration (SBA). And, we're certified lenders for state Ag loan programs in Minnesota and South Dakota. These alliances allow us to offer a variety of options with flexible terms.

Farm Service Agency (FSA) Guaranteed Loans
As a FSA approved lender, Minnwest has experience with FSA-guaranteed operating loans. FSA loans include:

  • Beginning farmer programs
  • Expansion loans
  • Down-payment loans

State Department of Ag Loan Programs

  • Certified Lender for the Rural Finance Authority
    Loan options include the Aggie Bond Loan Program, which offers affordable financing for qualified beginning farmer with reduced interest rates
  • Certified Lender for the South Dakota Department of Agriculture