Federal Land Bank – FLB Definition
Federal Land Bank (FLB) refers to a federal banking institution that specializes in financing for rural property such as farms, forestry and timber. It issues long-term credit options mostly to farmers. The farmer applying for the loan must purchase stock in 1 of the 500 land bank associations equal to 5% of the loan amount, and also must purchase stock in the Federal Land Bank. The experts of FLB's thoroughly explain the products they provide, and due to their knowledge of the farming industry, they offer the best services for businesses and individuals seeking rural real estate loans.