Real Estate
Loans for when you want to buy the farm (literally) or expand
Operating
Working loan for the day-to-day expenses of running your farm
Equipment
Get the Ag equipment you need with flexible payment options
Livestock
Financing for breeding and feeder livestock and feed expenses
Real Service from Real People
These bankers will be your partner
Whether it’s in our office or out in your fields, let’s talk about the right plan for you. UBT takes a fair, straightforward approach to your finances that you can rely on year after year. Whether you're expanding your acres or passing the farm to the next generation, you’ll get thoughtful, detailed guidance from real people (like Nora) who really care about your farm and family.
Crop Insurance
Expecting the unexpected
From damaging drought and hail to fluctuating grain prices, your ag operation faces risks every year. Crop insurance is an important tool for mitigating these risks and protecting your profitability. Let’s talk about your operation, and we’ll guide you to a crop insurance solution that works for you.
- Multi-peril crop insurance
- Crop revenue coverage
- Revenue assurance
Ag Loans Resources
Frequently Asked Questions
SWIFT Code: UNTUUS42
To assist our customers living abroad or with family members who live outside of the United States, we have an International Wire SWIFT Code. Use the information below to send a wire to a Union Bank & Trust account:
- Receiving Bank: Union Bank & Trust Co.
- SWIFT Code: UNTUUS42
- Beneficiary: Union Bank & Trust Co. Account Name
- Address: Union Bank & Trust Co. Account Address
- Account Number: Union Bank & Trust Co. Account Number
No. There is no personal guarantee requirement. ***However, if the proceeds are used for fraudulent purposes, the U.S. government will pursue criminal charges against you.***
These loans have a fixed rate of 0.50% for 2 years. All payments are deferred for 6 months; however, interest will continue to accrue over this period. There are no prepayment penalties or fees for paying your loan early.
You can submit a request to the lender that is servicing the loan. The request will include documents that verify the number of full-time equivalent employees and pay rates, as well as the payments on eligible mortgage, lease, and utility obligations. You must certify that the documents are true and that you used the forgiveness amount to keep employees and make eligible mortgage interest, rent, and utility payments. The lender must make a decision on the forgiveness within 60 days.
You will owe money when your loan is due if you use the loan amount for anything other than payroll costs, mortgage interest, rent, and utilities payments over the 8 weeks after getting the loan. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.
You will also owe money if you do not maintain your staff and payroll.
- Number of Staff: Your loan forgiveness will be reduced if you decrease your full-time employee headcount.
- Level of Payroll: Your loan forgiveness will also be reduced if you decrease salaries and wages by more than 25% for any employee that made less than $100,000 annualized in 2019.
- Re-Hiring: You have until June 30, 2020 to restore your full-time employment and salary levels for any changes made between February 15, 2020 and April 26, 2020.
Although the program is open until June 30, 2020, we encourage you to apply as quickly as you can because there is a funding cap and lenders need time to process your loan.
Loan products subject to credit approval.