FINANCING

Board must approve the member limit prior to purchase cattle or lambs. Approval is required for each new loan

You can apply extra payments or pay out at any time before the due date. All payments are applied to principal only - interest is applied when the loan pays out. All Rates and Limits are subject to change without notice

MEMBER LIMITS

Individual Members $3,000,000.00
Joint, Partnership, Corporations $3,000,000.00

100% financing on purchases up to the maximum per head limits at the time of financing. Refer to Current Rate Sheet for the current limits, fees & interest rates.

Click Here for Rate Sheet

LOAN TERMS & FEES

EQUITY DRAWS

Members can get an advance on the equity in their cattle, without having to sell any.

All cattle must be on feed minimum of 30 days, a representative sample is weighed, and current CANFAX price is used.
The Current Value (current weight x Canfax Price), less Cost (Purchase Cost + Accrued Interest) = Equity.
Get up to 50% of the equity in the cattle to assist with your cash flow. The Equity Draw will get added to your existing loan.
Any additional Security Deposit required because of the increase in your loan, will be deducted from the proceeds of the draw.
Equity draws are also available on contracted cattle - call the office for details.

PARTIAL PAYMENTS ON SALES

The cost plus accrued interest go against the loan (for the # of head sold), and the balance of proceeds are split 20% also to the loan and the balance of 80% can be paid to the members. This increases the cash flow for the member.

Members can get up to 80% of proceeds over the cost of the cattle when they sell partial groups.