Our Loan Officer knew exactly how to meet our needs. We were approved for our loan in 24 hours. This short term loan allowed us to grow and we’re launching new products.
Agriculture Farming Business Capital Loans Are the quickest way to secure funds for your small to medium sized farm. Farm equipment such as tractors, plows, seeders, and combines are expensive to maintain. Mentioning fuel, seed, fertilizer, equipment maintenance, or hired contractors. It is very expensive to running an agricultural business. You are not required to put up any collateral, so you are not put in a position of further jeopardizing the future of your farm. In less than a week of approval, you can expect your unsecured cash loan to be transferred to your bank account using however you see fit. If you have good credit, assets, healthy cash flow, a lot of time and you are patient. Your best option for a capital loan might be through a bank. Banks and SBA lenders interest rates tend to be lower than alternative lending. The fact is most businesses won’t qualify. Rejection rates have been roughly above 80% over the past several years with both the SBA and banks. The application process is very cumbersome. It can take 4 to 8 weeks, including a large amount of paperwork, and then you could still get a denial.
Our application process is different from other banks or lenders. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $250,000. The actual rate and term is dependent on the performance of the business. How much capital that can be borrowed depends on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.