You have a client with 10 or more acres of farm land they want to purchase. United Ag Lending, will help you navigate the appropriate farm land loan requirements for expedited, appropriate answers that help a borrower achieve their goals.
Contact our team online, on the phone, or make an appointment to come by in person. The first step is a conversation, so that the last step is a satisfied borrower stepping onto their new property.
Step 1: Let’s Talk
This initial consultation with the United Ag Lending team helps determine eligibility. We highly recommend you gather information about your client’s current—or future—operation and their current cash flow.
We’ll likely ask questions that include:
- What will the operation focus on?
- What do they intend to sell?
- Will they need machinery to run their operation?
- What is the desired loan amount?
- How will they use the funds?
- What are the 12 month/24 month projections for the farm?
During the farm plan development, make sure the borrower provides records that support expectations and projections. This may involve revenue, expenses, assets, liabilities, equities and more, including current operation or even current living expenses.
Step 2: Recommendations and Application
With this data, the United Ag Lending team will customize a program that best meets your client’s plans. Often we present multiple financing possibilities, and we talk you and your client through the benefits of each, so you can make the best decision possible.
After the paperwork, approval, and appraisal processes, United Ag Lending sends you the final steps your borrower needs to do to officially close.
Step 3: Support That Continues
You have the funds, and it’s time to make your aspirations become realities. You don’t have to go it alone. The experts at United Ag Lending are here to answer questions, give advice, and continue being a resource for however long you need us.
Related Topic: Read the Answers to FAQs About Farm Credit Loan Requirements
Take Your First Step
United Ag Lending’s Loan Tool can help you explore options online that could provide the best resources for your clients. Then, our simple steps can navigate the appropriate farm land loan requirements to find solutions that work.
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