Land Loan Interest Rates For 2022
In January of 1904 United Bank, opened the doors of a single office in Atmore, Alabama with the goal of serving the financial needs and becoming part of the communities of Southwest Alabama and Northwest Florida as only a community bank can. One hundred and eighteen years later, after enduring two world wars, the Great Depression, and countless other political and economic events, United Bank has grown from that single office to 20 branches and two specialized land loan offices. It is recognized as one of America’s strongest banks by national bank ratings firms.
That growth didn’t happen by accident. One of the pillars of that success is a commitment to exemplary customer service, community support, developing and utilizing new technology and providing financial products that serve the needs of the community and customers.
Our Products
The first loan United Bank made was an agricultural loan in 1904 and they have a history of lending to the local ag community. United Bank offers competitive financing for farmland, pastureland, timberland, barns, greenhouses, farmhouses and other facilities required for successful agricultural operations.
Competitive financing for farmland, pastureland, timberland, barns, greenhouses, farmhouses and other facilities are required for successful agricultural operations.
That includes purchase or refinance of real estate, farm homes and real estate improvements, all at competitive rates, land financing options up to 30 years and flexible repayment options.
Agribusiness Land Loan
United Bank offers many options for Agribusinesses including long term fixed rate options up to 30 years and flexible payment structures.
Purchases or Refinances
United Bank can finance crop and livestock facilities including stockyards, grain elevators, cotton gins, peanut buying facilities, nurseries/greenhouses (either wholesale or retail) and more.
Equipment Loans
No matter whether it is “do-it-all tractors’, plows to turn the soil, or harvesters to collect the crops, local farms need affordable access to machinery and equipment to operate efficiently.
You need a good tractor to maintain any large tract of land.
United Bank can tailor equipment loans that allow you to finance new or pre-owned equipment, up to 85% financing, at competitive rates, up to a seven-year term and repayment plans that account for the seasonal nature of your cash flow.
Working Lines of Credit/Crop Production
United Bank recognizes that whether you plant crops or raise livestock it takes upfront capital to cover the costs of doing business. That is why they offer special lines of credit that can help you with operating expenses to see you through to harvest time.
United Bank Loan Rates
Loans For Land:
As low as 10 yr 6.15%, 15 yr 6.45%, 20 yr 6.7%, and 30 yr 6.95%
*Annual Percentage Rates as of 4/20/2022. Subject to credit approval. Land loan rates may vary based on credit history and terms. Rates subject to change without notice. Additional terms may apply.
Ag Equipment:
As low as 4.95%
*Annual Percentage Rates as of 4/20/2022. Subject to credit approval. Rates may vary based on credit history and terms. Rates subject to change without notice. Additional terms may apply.
United Bank is a full-service financial institution with branches in Alabama and Florida. All loans subject to credit approval. Member FDIC. Equal Housing Lender.
