Acreage Financing and Mortgages
Are you looking for a hobby farm loan or agri-business capital? Canadians looking for acreage financing and rural mortgages come to FarmLender time after time and are not disappointed with the results. Find out why locals trust FarmLender with their financial needs- call FarmLender today at 888-393-8686.
Since 1993, FarmLender has been full-on committed to meeting the needs of their clients through their relationships with conventional and private lenders and investors all seeking to loan money at competitive rates. It is through these relationships that FarmLender is able to get funding quickly and inexpensively when traditional lenders may reject a loan that a client is counting on.
Just why is it banks are so reluctant today to lend money on agriculture ventures? Credit unions and banks are typically not in the business of meeting their customers’ needs as much as they are in meeting their own needs. That’s where FarmLender differs from any financial institution you may have come in contact with before. Consider a few of the main reasons why local banks turn down Acreage Financing and Mortgages:
– Sometimes, it’ simply out of the bank’s hands, as regulations often keep the lending department from making loans they would otherwise agree to. Bank regulations may reject an application for a small business simply because it does not appear to be the type of business that will ever grow beyond its current size.
– Not all applicants possess the kind of collateral a bank is looking for to secure the loan. With a bank, acreage financing and rural mortgages sometimes come at the cost of an enormous amount of collateral that is simply not possible to come up with. FarmLender works with numerous lending agencies willing to loan money with no collateral, one of the major differences in working with a broker.
– Poor credit will keep you out of the good graces of your bank for many years but it is not a challenge when it comes to acreage financing and rural mortgages from FarmLender. Their lenders are not as interested in your credit score as they are in loaning the money you’re looking for at a rate and options that will fit your budget. FarmLender won’t hold your credit score over your head; instead they’ll work hard to find the right lender for your personal needs.
– Of course, there is not as much profit for a bank on a small loan as there is for them with regard to a large loan. It may surprise you to learn that it will cost your bank as much to underwrite your small loan as it would for them to underwrite a much larger one, making your loan much less attractive in their eyes.
Canadians come to FarmLender for their acreage financing and rural mortgages because they are treated like valuable clients, and their needs are taken seriously. FarmLender will locate the best loan for your agri-business capital and ensure your complete satisfaction. Call an agent today at 888-393-8686 to find out more.