Commercial farming is the foundation of our food, fuel, fiber, and future. In the words of James Wesley, “thank a farmer.” No matter your industry, from livestock to local crop, United Ag Lending has the solutions you’re looking for to begin, advance, or refinance your commercial farming operations.
For as long as we’ve been in business, our commitment remains the same: to simplify rural loan processes for rural living and agriculture operations across the country and provide our clients with solutions that best fit their goals.
Keep reading for your complete guide to commercial agriculture loans with United Ag as your financial partner.
Commercial vs. residential farms & financing
There are many options when it comes to financing rural land. Each loan program takes into account the size, price, and purpose of your land. All three of these factors and more can determine whether you qualify for a rural residential loan or a commercial agriculture loan.
Commercial agriculture loans
Commercial agriculture loans are designed for pieces of land that intend to support commercial farming or agriculture operations like:
- Mixed crop and livestock farming
- Dairy farming
- Grain farming
- Livestock ranching
- Mediterranean agriculture
- Commercial gardening and fruit farming
- And more
Commercial pieces of land still go through an appraisal process similar to land that qualifies for a residential loan. The difference is that the highest and best use must be agriculture. In making this determination, the appraiser will also indicate which crop is best suited for the land.
Related: How To Get A Farm Loan
Some benefits of our commercial agriculture loan program are:
- Loans for a number of different industries: logging, forestry, nurseries, orchards, vineyards, dairies, ranches, cattle and more
- Fixed-rate loans up to 30 years with no prepayment penalty or short-term adjustable products
- Monthly, annual, or semi-annual payment options
- Loans up to 70% of value offered
- And more
Rural residential loans
Rural land loans are built for those looking to own a home on a rural piece of land. Rather than financing the house through a mortgage, you can finance the entire piece of land.
Rural land loans can be the solutions you’re looking for to purchase a new piece of land, refinance land you already own, or add on to your existing property.
Related: Residential vs. Commercial Farms
Another key factor is the highest and best use of the land. This is a determination that is made by an appraiser when the land is on the market for sale. In order for the land to qualify for a rural residential loan, the highest and best use must be residential.
Some benefits of our rural residential loan program are:
- Both 15 and 30-year fixed-rate loan options
- Refinancing and cash out loan options
- The ability to build on your land
- Can finance up to 160 acres of land
Our commercial agriculture loans process
Our commercial agriculture loans process is constructed with one major goal in mind: to simplify the financial processes that have long been complicated for farmers and commercial ag operations.
At every step in our commercial loan programs, our officers have your best interest, and the success of your operations in mind. Our flexible programs seek to offer you financial solutions that best fit your goals.
“I would highly recommend United. Our lender did an excellent job keeping us informed and up to date throughout the entire process making us feel very comfortable and confident.” — Tracy from Kansas
Step 1: Consultation
No matter which loan program our clients choose, our process always starts with a consultation. This is a chance for our loan officers to get to know you, your expectations, and your goals.
It’s also an opportunity for you to get to know us, our values, and our commitments to you as a lender and a financial partner.
After you provide the necessary information, we will discuss the following with you:
- Your qualifications
- Learn more about what type of land you’re looking to acquire and for what purpose
- In-depth review of our products and how we can structure a loan to fit your needs
All of this information is crucial in providing you with personalized financial solutions.
Our purchasing process for clients looking to purchase new pieces of land functions the same way. Our first order of business is always to get to know you and your situation better.
Some additional steps in the commercial purchasing process include:
- Gaining an understanding of your financing abilities and limitations
- Exploring different financing options based on your property interests
- Helping you navigate our benefits for rural residential, hobby farm, or commercial agriculture projects
Step 2: Recommendations & Application
After evaluating your qualifications, financial goals, and plans for your land, our loan officers will give you expert recommendations on the loan that best fits your needs.
Our flexible programs allow us to recommend specific loan types, amounts, payment plans, and more, all in a simplified, guided process.
With decades of industry experience, our loan officers are part of our continued legacy of people-minded solutions.
Step 3: Continued Partnership
Completing a loan application or making a land purchase is not the final step in our process. We aim to be your trusted financial partner for the duration of your commercial agriculture loan and beyond.
More than a static business relationship hidden behind paperwork and legalese, we want to build a continued partnership with our clients that empowers them to make educated financial decisions backed by an industry-leading lender.
Frequently asked questions about commercial agriculture loans
What commercial farming industries do you serve?
Our commercial agriculture loans programs serve a wide variety of industries, including:
- Logging
- Forestry
- Nurseries
- Orchards
- Vineyards
- Dairies
- Ranches
- Cattle
- And more
If you’d like to learn more about loans for your specific farming operation, give us a call and speak to one of our experienced officers.
How do I know if I qualify for a commercial agriculture loan?
At United Ag Lending, we pride ourselves on finding the best financial solutions for our clients’ unique goals. Our loan officers will work with you to provide expert recommendations and guided support throughout the loan process.
All of our commercial lending clients meet or exceed the minimum loan size of $500k and have a credit score at or above 680. All clients must exceed the minimum land amount of 10 acres. If you believe you qualify, get started today. If you have questions about whether or not you qualify, get in touch with one of our experienced loan officers to see what United Ag can do for you.
Do you offer fixed-rates or adjustable rates?
We can do both. We are in the business of helping people advance their commercial farming operations, and we have the capability to say yes where other lenders won’t. Our loan officers will use their decades of industry experience and our flexible loan programs to build you a financial solution that fits your business goals. We can offer both fixed-rate loans from 10 years to 30 years, and 1-year to 30-year adjustable rates.
Do you offer refinancing on commercial agriculture loans?
Yes, we do. Commercial agriculture refinancing is a pillar of what we do at United Ag Lending and encompass a wide range of customer needs. Whether you’re looking to refinance debt or consolidate your monthly payments, we can help.
To understand how we can best serve you, our refinancing services always start with a conversation about what your situation is and how we can help. Even if you’re new to this process, we’ll be there to guide you.
Partner with United Ag for your commercial agriculture loan needs
If you’re ready to start exploring commercial agriculture loans, we’re ready to be your financial partner. Get started with us at United Ag Lending and see what our flexible commercial loan programs can do for you.
Or, give us a call at 888-204-9430.
States we serve commercially: Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Missouri, Montana, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Washington, Wyoming, Michigan, Mississippi
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