• Wed. May 31st, 2023

Farmers Company Network Finance Launches Immediate Approval For Land Loans – AgFax


May 26, 2023

SAN CARLOS, Calif — Farmers Company Network (FBN®), the international AgTech platform and farmer-to-farmer network, currently announced the launch of FBN Finance’s transformative Immediate Land Loan Approvals* system. Created to address the wants of farmers in search of land financing, this option aims to streamline and expedite the loan application course of action, supplying certified farmers with immediate approvals and effective access to capital.

Traditionally, securing land financing has been a time-consuming and arduous job. Loan choices generally take up to 5 to ten small business days for a loan selection, leaving bidders vulnerable to getting outbid by money presents.

“For farmers generating a new land buy or refinancing, it can be one particular of the most influential choices they make, one particular that can effect their operations for generations. We recognize the significance of rapid turnaround instances and access to capital when it comes to generating land purchases,” mentioned Devin Lammers, President of FBN® Economic. “This most up-to-date option drastically reduces unnecessary strain and delays for farmers, although empowering them to make rapidly, effective bids in a competitive industry atmosphere.”

Below the Immediate Land Loan Approvals system, certified applicants can obtain approval for land loans up to $two.five million inside minutes.* This expedited course of action empowers farmers to make essential economic choices promptly, making sure uninterrupted operations and maximizing productivity.

Right here are some of the important rewards of FBN Finance’s Immediate Land Loan Approval system:

• Much less Paperwork: By decreasing the will need for comprehensive documentation and economic statements, the Immediate Land Loan Approvals system saves farmers precious time and work. The streamlined application needs only disclosure of total assets, total liabilities, gross farm revenue, and non-farm revenue.**

• Hassle-free and Accessible: Farmers can now full the whole loan application course of action on line, regardless of whether from the comfort of their household workplace or on their mobile devices. This unparalleled comfort enables farmers to handle their financing wants effectively, saving valuable time.

• Speedy and Safe Land Acquisition: FBN® Finance understands the urgency of acquiring land in a competitive industry. The Immediate Land Loan Approvals system expedites the approval course of action, empowering farmers to safe land more quickly.*** This benefit assists to give farmers a competitive edge and guarantees their capability to move decisively on precious possibilities.

The introduction of Immediate Land Loan Approvals marks a game-altering milestone for farmers, supplying certified applicants with a rapid, practical, and accessible financing solution. By saving time and work, farmers can concentrate on maximizing profitability and additional establishing their operations.

About FBN:

Farmers Company Network® (FBN®) is an independent AgTech platform and farmer-to-farmer network with a mission to energy the prosperity of family members farmers about the planet although functioning towards a sustainable future. Its Farmers First® guarantee has attracted more than 55,000 members to the network with a frequent aim of assisting farmers maximize their farm’s profit possible with information and technologies enabled direct-to farmer commerce, neighborhood and sustainability offerings.

FBN has set out to redefine worth and comfort for farmers by assisting lessen the expense of production and maximize the worth of their crops. The FBN network has grown to cover extra than 117 million acres of member farms in the US and Canada. Blending the greatest of Midwestern agricultural roots and Silicon Valley technologies, the firm has principal offices in San Carlos, CA, Chicago, IL, Sioux Falls, SD with considerable warehouse and logistics, remote and field workers across the US and Canada. To understand extra, take a look at: www.fbn.com.