TS Ag Finance closed a $400,000 loan with borrowers located in California. The borrowers chose the Ag Equity RLOC with a five year draw period, 30 year term and 25 year amortization, utilizing the Farmer Mac loan program. The initial interest rate is variable for five years with semi-annual interest only payments. The interest rate can be converted to a fixed interest rate after five years (when the revolving feature matures). The borrowers pledged 110 acres of almonds, peaches and prunes as collateral and used the funds for business operating needs.