Agri-Industry Services:

Operating Loans

We understand that operating expenses are more than just a line on your tax return.

ATB Financial provides a variety of operating capital needs. Recognizing that customers often require a number of operating capital options.

To learn more about ATB Financial’s range of products related to operating capital, select a product from the list below:

• Revolving Operating Loan
• Specific Operating Loan
• Cost Cutter Crop Input Loan
• Alberta Agri-Industry BusinessCard
• Loan Insurance
  

Revolving Operating Loan

Once your Operating Loan is in place and a maximum amount approved, you can access it through an ATB chequing account.

The operating loan revolves in multiples based upon the maximum authorized amount. As you write cheques, the revolving operating loan automatically covers their amounts. When you receive income and make deposits, the operating loan balance is reduced.

Specific Operating Loan

A Specific Operating Loan is designated for the purchase of specific inventory and will be repaid in one year or less. Either a variable rate or a fixed rate is available for Specific Operating Loans with the balance due at the end of the term.

Cost Cutter Crop Input Loan

When you purchase crop inputs in the fall or winter we understand that you may not receive income from that crop for well over a year. With a repayment of up to 18 months the Cost Cutter Crop Input Loan program allows you to purchase these inputs and repay the loan when you receive the income from next year’s crop.

• Qualifying purchases include fertilizer, seed, chemicals, custom application costs and other costs associated with crop input.
• Loans are available anytime during the year.
• Take up to 18 months or until March 31st of the following crop year to repay your loan.
• Fixed or floating loan interest rates are based on a one-year term with payments stretched up to 18 months.

Alberta Agri-Industry BusinessCard

You may wish to consider ATB’s unique Alberta Agri-Industry BusinessCard as an alternate way to meet your operating loan needs.

Other additional features include:

• Interest rate comparable to a normal operating line of credit.
• Can be used anywhere MasterCard is accepted, plus MasterCard cheques can be used a businesses that do not accept MasterCard.
• Payments may be made through electronic pre-authorized debit, mail, ABM, telephone banking, Internet banking, or your nearest branch.
• No annual review process as required with other operating loans.

For more information on the Alberta Agri-Industry BusinessCard, click here.

Loan Insurance:

To learn more about the benefits of loan insurance, click here.

For more information on ATB Financial’s range of loan products, visit your nearest ATB Financial branch or call 1-800-332-8383 today.

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