What will the loan be secured by? For term loans: The drainage materials. For the operating loan: Under $250k, we use a springing lien.Between $250k and $500k, we take a best available lien.Between $500k and $1m, we take a first position lien.Crops, livestock, and machinery may all be used as security. admin2023-04-14T13:42:11-05:00