Agricultural Financing

First let's get the bad news out of the way. The FDIC has now presided over the demise of 95 banks since the first of the year. Existing home sales were down last month. Foreclosures are still high, although many of them are being held off the market by the banks in possession. There are six job applicants for every job opening. It is quite possible to hear words of optimism emanating from various pundits and from Washington, but the facts belie the words. The problems are serious, deep, and are being exacerbated by fumbling governmental policy which is increasing the deficit, burdening the productive elements of society, attempting to manage the business community, and generally inhibiting an orderly recovery. That's the bad news.
The good news, at least for us, is a recent alliance with a major agricultural lender which permits us to offer not only an array of mortgage products, but more importantly, the ability to provide receivable financing, (factoring), crop financing, supply chain financing, equipment financing, etc.
At a time when cash is a problem for many businesses, the ability to provide help is a valuable addition for us, and for our clients. Not just help, but a broader range of service and better pricing than any of the competition we're aware of. Additionally we have added a security based lending option for those with stock portfolios that permit us to provide liquidity without triggering a taxable event. Interest rates are very low, from 2.5 to 4%.
We have to be innovative and we're constantly seeking ways to increase our value to people needing, or seeking help with real estate matters. For those with difficulty placing loans, or those seeking financial solutions, we hope we will be one of the resources considered. We're aggressive in problem solving.
My apologies for the "bad news" beginning, but to ignore reality is to loosen your seat belt before the crash. It's going to get worse before it gets better, count on it.
As usual,
Thanks for visiting.