Agriculture Loans — Operating Loan
No fixed amount
Loan
Description:
Operating Loan is designed to assist agricultural producers in managing daily and seasonal cash flow needs.
Comments on Funding:
Get up to 100% financing available.
Use your ATB operating loan to:
–Finance accounts receivable
–Cover daily operating expenses
–Take advantage of supplier discounts and deals
–Avoid late payment penalties
–Reduce interest costs
Interest Rate: variable
Term range: renewed annually; connected to a deposit account with payments and repayments automatically flowing in and out
Repayment: Flexible terms; Interest paid monthly on outstanding balance
Continuous Intake
Eligibility:
Applicants must be agricultural producers
Application Steps:
Applicants must connect with an ATB Business expert.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
If your borrowing needs are under $50,000, an ATB Mastercard® may be a more convenient option for you. For more information on the right solution for your business, contact an ATB business expert.
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Maurice
