TS Ag Finance closed a $750,000 loan with borrowers located in California. 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 47 acres of walnut production as collateral and used the funds for business purposes.