TS Ag Finance closed a $500,000 loan with borrowers located in Texas. The borrowers chose the Ag Equity RLOC with a 5-year draw period, 30-year term and 25-year amortization, utilizing the Farmer Mac loan program. The interest rate can be converted to a fixed interest rate after 5 years (when the revolving feature matures). The borrowers pledged 283 acres of pasture as collateral and used the funds for business purposes.