Stocker Loans
Welcome to the site of Southern Oklahoma’s premier stocker lender. We know ranching like no other lender in this part of Oklahoma, and have the experienced lending staff to back that claim! Agricultural lending has been the bedrock upon which First National Bank was founded, going all the way back to 1889! If you have an existing stocker operation and are interested in making a banking move, First National Bank needs to be on your interview list. Ask the ranchers in Southern Oklahoma, they'll tell you! We understand cattle lending!
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, but in most stocker operations the loan is designed to be repaid when the cattle are expected to be taken to market.
Loans are generally based on 100% 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 economics of the stocker operation. Feed costs, holding periods and anticipated weight gain, death loss and profits based on the cattle market are typical discussion points.
- If we are financing an existing stocker 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.
