Cow-calf Operations
Agricultural lending has been the bedrock upon which First National Bank was founded going all the way back to 1889! No one in Southern Oklahoma has the experienced lending staff or the commitment to farming and ranching that we do at First National Bank. If you are interested in operating a cow-calf operation, come see one of our lenders at anyone of our eight Southern Oklahoma locations.
Competitive rates that are usually floated at a margin over “WALL STREET JOURNAL PRIME RATE AS PUBLISHED IN THE MONEY MARKET SECTION OF THE WALL STREET JOURNAL.”
Loan terms vary.
Loans are generally based on a percentage of the first cost of the cattle being purchased. Apply now!
In addition to completing a loan application, it is generally recommended that you bring along the following additional financial information to expedite your loan request:
- A business financial statement (if you are incorporated), and copies of business tax returns covering a 3-year period if possible.
- A personal financial statement and copies of 3 years of personal tax returns if possible.
- A business plan indicating how the cow-calf operation should operate.
- If we are financing an existing cow-calf operation, a cattle inspection and evaluation by one of First National’s lending staff will be required. Cattle inspections are normally conducted at least annually thereafter.
