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Credit-line drafts are a convenient way to access your Louisiana Ag Credit loan funds. You can write drafts to businesses or individuals for payments on accounts or to commercial banks for deposit to your personal checking account. Each loan has its own set of drafts, making it easy to track payments. You control the disbursement of loan proceeds so that loan funds are not drawn until a draft is presented. Thus, you pay interest only when funds actually are used. Each month you receive complete account information showing the number and amount of drafts cleared and the loan balance. |
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