Business Loans


Agricultural Loans

First Trust is proud to be the leading ag bank in our area. Farming provides a desirable way of life that we can enjoy, but must also be treated as a sophisticated business. We take pride in continuing to provide our ag customers with local decision-making and high quality service and products.

Our experienced ag lenders would be glad to visit with you to discuss all of your ag financial needs. Stop in or give us a call at 815-432-2494 or 815-694-2329 and we will make arrangements to come and see you.

  • Operating Loans
  • New and Used Machinery
  • Livestock
  • Beginning Farmer Loans
  • Equipment Leasing
  • Agri-business loans of all types
  • Illinois Finance Authority Guaranteed Loans
  • Farm Service Agency Guaranteed Loans
  • Real Estate Purchases or Refinancing


Business is challenging. Financial decision-makers need flexibility, convenience, and control - all valuable characteristics of leasing. If your farm, business or agri-business is in need of machinery, equipment, buildings, or grain storage, leasing from The First Trust and Savings Bank could be the answer to your needs without significant capital expense.

Business leasing services are available for a variety of needs. There are many reasons why leasing is a great financing option.

  • Conserve Cash
  • Match revenue with expenditures
  • Preserve lines of credit
  • Tailored payments
  • Potential income tax benefits
  • Simple and convenient process
  • Pay as you profit
  • All processing is done locally

Standard Lease Factors

Schedule for Residual of 10.00%

Factors for Payment Frequency
1 Year 0.08045 0.23997 0.47590 0.93628
2 Years 0.04184 0.12477 0.24736 0.48635
3 Years 0.02908 0.08669 0.17177 0.33735
4 Years 0.02272 0.06771 0.13410 0.26314
5 Years 0.01894 0.05642 0.11169 0.21898
7 Years1 0.01474 0.04389 0.08680 0.16981

1 Rate subject to approval

Schedule for Residual of 20.00%

Factors for Payment Frequency
1 Year 0.07241 0.21599 0.42832 0.84256
2 Years 0.03795 0.11318 0.22435 0.44101
3 Years 0.02659 0.07925 0.15699 0.30823
4 Years 0.02092 0.06233 0.12343 0.24209
5 Years 0.01755 0.05229 0.10348 0.20277
7 Years1 0.01384 0.04119 0.08141 0.15918

1 Rates subject to approval

Select the desired residual value, term and payment frequency. Multiply that factor by the selling price to determine the lease payment. Monthly payments require the first and last two payments in advance. Quarterly, semi-annual, and annual payment plans require one payment in advance. Leases are subject to credit approval. Lease factors are subject to change.

For more information on leasing, please contact the Loan Department at The First Trust and Savings Bank:

  • 815-432-2494 (Watseka Banking Center)
  • 815-694-2329 (Clifton Banking Center)

Commercial Loans

The source of a community's economic growth and progress is enterprise. The First Trust and Savings Bank has been one of the chief sources of capital for the enterprising business. Since the bank's inception, we have offered a wide variety of products and services to meet the financial needs of the business community. Call us at 815-432-2494 or 815-694-2329 or stop in to visit with one of our loan officers for any of your business financial needs.

  • Working Capital and Operating Loans
  • Equipment Loans and Leasing
  • Property Improvements
  • SBA Guaranteed Loans
  • Commercial Real Estate Purchase
  • Commercial Real Estate Refinancing


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