FAQs

$1,000,000

Assuming the DIGS-Pinion certified drainage plan has already been submitted, the digital closing is very quick.

For term loans the AFF, Compeer, and DIGS Associates servicing teams will reach out to the applicant for the purchase agreement, certified drainage design, and proof of funds for down payment. For operating loans the AFF, Compeer, and DIGS Associates servicing teams will reach out to the applicant for a copy of their driver’s license

For term loans: The drainage materials. For the operating loan: Under $250k, we use a springing lien. Between $250k and $500k, we take a best available lien. Between $500k and $1m, we take a first position lien. Crops, livestock, and machinery may all be used as security.

Term loans will be 75% of total <$1,000,000 Operating loans will be 100% of total.

There are no origination fees for the loan. However, part of the underwriting process for loans requires the borrower to submit an engineered drainage plan certified by DIGS-Pinion Land Advisory.  Please contact the DIGS-Pinion team for pricing.

We offer 1YR, 3YR, 5YR, and 7YR term loans with competitive rates which can be variable or fixed. We also offer operating loans which are competitive and variable.

Evergreen Bank acts as lender, and Compeer Financial acts as servicer. Evergreen Bank is a commercial bank chartered in Illinois. Compeer Financial is a $30bn+ Farm Credit bank servicing territories in Minnesota, Wisconsin, and Illinois. Together, we combine the power of technology, agricultural experience, and capital to provide an unparalleled user experience.

Yes – we support all types of borrowers, including individuals, corporations, trusts, LLCs, and even public entities such as drainage districts

Total assets Total liabilities Annual gross farm income Annual non-farm income Hard credit check to be performed at the time of submission