How long will it take to find out if I'm approved for an ag real estate loan?

We want to make it as easy and quick as possible to process your loan application paperwork.

As part of our underwriting process, you should be able to supply us with:

  • Year-end financial statements (minimum 3 years)
  • Personal financial statements if farm operation is in an entity
  • 3-5 years of tax returns
  • Operation plan of recent history and projections
  • Additional information about your operation's future plans and needs

The typical underwriting process will take from 1-4 weeks depending on the complexity of the request and timing our loan approval meetings. We make our loan approval decisions locally and have done this for almost a century. The majority of our lenders and credit underwriters have experience in the agriculture industry and several have hands-on experience.

We have several options available for your financing needs. We offer fixed and variable loan rates. We are preferred lenders with the Farm Service Agency and we typically have approvals from them in 10-14 days. We also participate in the FSA's Beginning Farmer Program and their loan guarantee programs.

Head shot of Steve Ritter

Steve Ritter

SVP Commercial/Ag Lending

Phone: (419) 358-8060, ext. 163


What are the benefits of having a line of credit?

A business line of credit can be a very valuable tool to a business or agricultural owner.

Citizens National Bank lines of credit are designed to help businesses manage their cash flow and their short term borrowing needs. Our lines of credit can be used to purchase inventory or pay bills, including payroll, while you wait for receivables to be collected, or to cover seasonal operating needs and expenses. A line of credit typically is set up for one year or for the normal operating cycle of your business. Interest only payments are due periodically until the maturity date of the line of credit. Our clients are all very important to us and we would love to help you with your line of credit.

Benefits include:

  • Access your funds quickly and easily through Online for Business or by phone.
  • Competitive interest rates.
  • Pay interest only on the portion of the line of credit in use.
  • With a revolving line of credit: when you make a payment, you replenish the credit available to your business.
  • A community bank with local decision making.
  • Experienced loan officers at all locations.

To determine your potential payment on a line of credit, check out our loan payments calculator.


Head shot of Bob Inniger

Bob Inniger

VP Commercial/Ag Lending

Phone: (419) 358-8060, ext. 148


What are my financing options for purchasing equipment?

There are several options to consider when financing equipment.

Most often equipment is purchased with conventional bank financing. Under conventional financing you can expect the bank to finance up to 80% of the cost of new equipment or less depending on the age and use of the equipment. Repayment terms are typically set for 7 years or less and rates can be fixed or variable during that time.

For larger equipment purchases or in instances when there isn't enough cash, or equity for a down payment, other financing programs can be utilized. The State of Ohio 166 program allows a business owner to purchase equipment with as little as 10% down. Forty percent of the funds for the rest of the purchase would come from the program and the remaining 50% would be financed by the bank. While there are additional upfront costs involved, the program provides a fixed rate on the 40% it provides as well as a term of up to 10 years.

Leasing may also be an option a business would want to consider. Leasing offers many potential benefits over purchasing but has its drawbacks as well. Leasing generally requires a smaller upfront investment and results in lower monthly payments. Also, leases are accounted for differently than loans which could result in some tax benefits for the business*.

Additionally, some leases include maintenance agreements which could lessen or eliminate those costs over the term of the lease. As a result of these benefits leases are generally more expensive over the entirety of the agreement. Owners must also plan for the end of the lease which will either have a buyout option that would need funded or the equipment is returned which creates a need to replace the equipment if it is still needed.

It is not always possible but it is best to plan your equipment purchase well before you actually need it. Your lender will help you weigh your options and choose the best course of action for your particular circumstances. If you are thinking about purchasing equipment now or think that you will need to make a purchase in the upcoming year please call your lender today to get your plan in place.

*Consult your tax advisor.


More Information

To learn more about our agricultural loan services, call:


Mon - Fri: 8:30 AM - 5:00 PM EST


Join the Club!

Join our Text Club to receive special offers and information from CNB!

Text CNBOHIO to 82257

green CNBOHIO quote box

Service available in USA only. Text HELP to 82257 for help. Standard Text Message and any ProTexting List, send "STOP" to 82257. SMS Marketing Provided by

Newsletter Sign-up

Need funds to scale your business?

Our experienced lenders will work with you to customize a loan solution to fit your business.

Learn More