TS Ag Finance closed a $3,700,000 loan with borrowers located in North Carolina. 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 127 acres of greenhouse and nursery facilities as collateral and used the funds for business purposes.