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LOANS TO FARMERS

FREESTAR Bank prides itself on its history of meeting the financial needs of area farmers.  We understand the challenges farmers face.  You can count on FREESTAR to share with you in the good times and stick with you in the tough times. OPERATING LOANS AND LINES OF CREDIT
Good money managers can save interest dollars by utilizing PNB’s Revolving Line of Credit.  You only pay interest only on the amounts outstanding.

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MACHINERY AND EQUIPMENT LOANS
We offer both fixed and variable rate equipment loans with repayment terms to match your needs.

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LIVESTOCK
We have loan officers that understand livestock operations including hog and dairy operations, and cattle feeding operations.  Repayment terms are tailored to the type of operation.

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REAL ESTATE AND IMPROVEMENTS
We have always been very active in financing real estate purchases and improvements to real estate.  Interest rates are typically adjustable every 3 to 5 years but unlike most area lenders we will provide interest rate adjustment caps as well as lifetime caps.

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ILLINOIS FINANCE AUTHORITY
FREESTAR Bank is very active with  IFA’s Beginning Farmer Bond Program which allows a below market interest rate on farm real estate purchases.

We are also active in the IFA Participation Loan Program.  This program also allows an interest rate reduction on certain types of real estate and real estate improvement loans.  The program  is excellent for livestock building loans.

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Equal Housing Lender FDIC