Need a hand with your next venture?
Altana understands the unique financial needs of our farm and ranch members. Whether you’re looking to expand your operation, upgrade your equipment, or simply manage your cash flow, we’re here to help.
Meet with Mike, our ag lender to learn more about our agribusiness solutions.
the lending help
I need is…
Livestock Loans
Livestock Loans
Secure the financing you need to purchase livestock, feed or other essentials.
Equipment Loans
Equipment Loans
Upgrade your operation with the latest technology: tractors, combines, irrigations systems and more.
Operating Loans
Operating Loans
Cover your day-to-day expenses, including labor, fuel, and fertilizer.
Real Estate Loans
Real Estate Loans
Purchase or refinance land to expand your operation.
Lines of Credit
Lines of Credit
Secure the funds you need for daily operations.
real talk.
“Agribusiness is a lifestyle. The Kellams have been ranching on the Montana Hi-Line for three generations. Helping farmers and ranchers run thriving operations is my passion.”
Why choose Altana?
- Competitive Rates: We offer competitive interest rates to save you money.
- Flexible Terms: We work with you to create a loan that fits your specific needs.
- Quick Approvals: We streamline the loan approval process to get you the funds you need, when you need them.
- Local Decision-Making: Our local decision-makers understand the unique challenges and opportunities facing our farm and ranch members.
- Personalized Service: We’re committed to providing you with the personalized service you deserve.
- Local Expertise: Our experienced lender understands the challenges and opportunities facing Montana’s agricultural community.
Helpful Calculators
What loan amount can I qualify for?
Use this calculator to find out how much money you can afford to borrow.
What is my loan rate?
Calculate the interest rate on a loan given a loan amount, payment amount, and number of payments.
How much will my loan payments be?
Compute the payment amount (principal and interest) for a fixed rate loan.
How long will it take to pay off my loan?
Use this loan payoff calculator to find out how many payments it will take to pay off a loan.
Ag Loan FAQs
Are ag loans hard to get?
Obtaining a ag loan depends on several factors. Lenders typically look at the creditworthiness of the business, its financial health, the purpose of the loan, and the ag industry-related risks involved.
Are agribusiness expenses tax deductible?
Agriusiness expenses are generally tax-deductible which can help reduce your taxable income, potentially lowering the amount of tax you owe. Proper documentation and records are essential to substantiate your deductions.
Always check with a tax professional or refer to the IRS guidelines to ensure that you are correctly applying tax deductions and staying compliant with tax laws.
Are ag loans tax deductible?
Ag loans can have tax-deductible elements, but the loan itself is not deductible. Instead, the interest you pay on an ag loan is generally tax-deductible as a business expense. This means that the interest portion of your loan payments can be deducted from your taxable income, which can reduce your overall tax liability.
It’s always a good idea to consult with a tax professional to ensure you’re taking full advantage of the deductions available to you and complying with all relevant tax regulations.
How do ag loans work?
Ag loans are financial arrangements where Altana provides funds to a business entity, which must be repaid over time with interest. Ag loans are financial products designed to help businesses cover expenses or invest in growth, and can help manage cash flow, expand operations, purchase equipment, or refinance debt.
How do agribusiness lines of credits work?
An agribusiness line of credit is a flexible financing option, providing access to a predetermined amount of funds based on credit worthiness and financial health, that can be drawn upon as needed. Interest is only charged to the amount drawn, not the entire credit limit. As borrowed funds are repaid, they become available to be borrowed again, like a credit card.
Have a question not answered here?
Disclosures
It is the policy of Altana Federal Credit Union to comply with all fair lending laws and regulations, including the Equal Credit Opportunity Act (ECOA), the Home Mortgage Disclosure Act (HMDA), the Fair Credit Reporting Act (FCRA), and the Fair Housing Act. In addition, the Credit Union adheres to federal regulatory agency fair lending guidance as set forth in the Interagency Policy Statement on Discrimination in Lending. Under the Equal Credit Opportunity Act (ECOA), it is illegal to discriminate in any credit transaction based on race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), applicant’s receipt of public assistance income, and/or the applicant’s exercise of any right under the Consumer Credit Protection Act.
