TS Ag Finance closed a $190,000 loan with borrowers located in North Carolina. The borrowers chose the Ag Equity RLOC with a 5-year draw period, 25-year term and 20-year amortization, utilizing the Farmer Mac loan program. The interest rate can be converted to a fixed interest rate after 10 years (when the revolving feature matures). The borrowers pledged 44 acres of greenhouse production as collateral and used the funds for business purposes.