The Lending Process

Whether you apply online or in person, you will find our lending process is quick and easy. Here are the steps involved in getting a loan from Louisiana Ag Credit:

Application
You tell us why you want the loan and provide us with financial information. We will give you information about becoming a member-stockholder of the association.

Financial Statement
We gather credit reports, ask for income verification and may visit your farm or ranch to learn more about your operation and get to know you better. The amount of financial information will depend upon the size and complexity of the loan. Most loans under $100,000 are approved with minimal information and can be closed within 24 hours if no real estate is involved.

Analysis
We evaluate the strengths and weaknesses of five credit factors to determine your creditworthiness as a potential borrower and decide if the loan is structured properly.

Decision
We approve or deny the loan.

Document Preparation
If the loan is approved, we prepare the necessary loan documents, including the note and loan agreement.

Loan Closing
You sign the loan papers, and we provide you with complete information about your loan, including its repayment schedule.

Disbursement
We provide your loan funds.

Loan Servicing
We're here to process payments and answer any questions you might have about your loan.