Ag Lending Commitment
Northwestern Bank specializes in Ag Lending with
the most experienced Ag Lenders in
Chippewa County.
Our Ag Lenders take pride in careful consideration
of each ag application and proceed with
structuring your loan according to your resources and with your
goals in mind.
Our philosophy is to treat each farmer as an
individual and consider each
situation as presented. As a farmer, your
business is constantly changing and we are
committed to working with these changes to
provide you with the best possible customer service!
Northwestern Bank realizes that your well being
affects the well being of our community as a whole.
We are proud to be partners with many area farm
families and look forward to serving you!
When you're in need of farm financing come to the
ag professionals who don't leave their expertise in
the office . . . Come to Northwestern Bank!
Loan Products
 | Real Estate Loans
Long term liability - such as:
Farm land, buildings & fixtures |
| Chattel
Intermediate assets - such as:
Livestock, machinery & equipment |
| Operating Capital
Short term money -such as:
Crop expense, repairs & maintenance |
| Lines of Credit
Lines of credit available - which can be
structured to your farm business needs
for planned or unexpected expenditures |
Our Ag Lenders welcome the opportunity
to be of service to you and your farm
business! Please call any of our
experienced Ag Lenders:
Main Bank 715/723-4461
David Kuhlman, Vice Pres.
Thorp Branch 715/669-5707
Bruce Westphal, Asst. Vice Pres.
In any borrower/lender relationship, it is
essential that the borrower provide an
understanding of the business through an
up-to-date set of financial and production
records.
Your Ag Lender generally requires:
| Current Balance Sheet - with supporting
schedules and inventories. This information
is essential! |
| Income Statement - showing a record
of earnings for three years. |
| Projected Cash Flow - if a major change
in the business is anticipated, a transitional
and normal operating year projected cash
flow may be required. |
| Production Plans - a good set of records
showing production plans, short & long range
goals and procedures for implementation &
evaluation. |
| Personal Debt Info - this needs to also
include any credit card debt
|
| Off-Farm Income - information concerning
the amount and stability of off-farm income |
For this information to be the most
helpful to the lender, three to five years
of data is needed.
At the time of application, you should
ask questions to let you know specifically
what types of financial information you
will need to provide.
Keys to a Good
Relationship
At Northwestern Bank we believe that
a personal relationship with our ag
customers is essential. A personal
relationship serviced by experienced
personnel to help you make your plans and
meet your goals . . . . is our goal!
Here are key things you can do to help
build your relationship with your banker:
| Arrange Credit in Advance - don't
inform your lender of a major decision
"after the fact". This can destroy trust
and credibility and make future credit
more difficult or impossible to obtain.
|
| Allow Time to Review - your lender
will need time to review plans and make
suggestions. A lender can be a source of
sound advice and council when reviewing
credit requests. |
| Inform of Problems & Changes - even
the best businesses are faced with problems
that can reduce their ability to repay. It is
important that you let you lender know of
circumstances that could interfere with
making loan payments. Communication is
important not only for your initial request
but throughout the whole credit process.
|
| Maintain Your Integrity - you expect
your lender to be honest and your lender
also expects this from you. Inaccurate information or
failure to honor your
commitments will jeopardize your relationship, as well as harm
your credit ratings. |
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