TS Ag Finance closed a $402,500 loan with borrowers located in Texas. The borrowers chose the Ag Equity RLOC with a 10-year draw period, 25-year term and 15-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 60 acres of greenhouse production as collateral and used the funds for business purposes.