As one of America’s premier agricultural lending institutions, we’re pleased to offer the best products and farm loan solutions to all of our qualifying customers on every loan we offer.
Our products are specifically designed to meet the needs of farmers. Farm loans can be used for a variety of purposes, including working capital, purchasing equipment or land, building and renovating farm facilities, consolidating debt, and more.
We typically have a variety of options when it comes to terms and amortization periods, making us an excellent option for agricultural operations. If you’re a farmer looking for a loan, our team can help you find the best option for your needs. We understand the unique challenges that farmers face, and we’re here to help you secure the financial stability you need to succeed.
The Different Types of Farm Loan Programs We Offer
This type of loan comes at the lowest possible rates. Perfect for farmers who are looking to expand their business or modernize their equipment. Our Prime Loans are available for highly qualified borrowers who have a 60% or lower loan-to-value (LTV) ratio, which can cover loan products up to $50 million.
Standard Loans are our most common underwritten term loan program. This includes terms and conditions that may be more flexible than Prime Loans, making them a good option for beginning farmers who are newer to the business or may have less collateral. To qualify, borrowers must have an LTV ratio of 70%, which can cover all loan products up to $50 million.
For farmers who need financing in a hurry, our FastTrack Loans are the best way to go. With this loan, borrowers can get up to $3 million through a more streamlined underwriting process. The funds can be used to purchase livestock, new farmland, or equipment, improve an existing property, refinance existing debt, and many more.
Paperwork can be exhausting, so to ease the burden, our Express Loans are our most streamlined and simple loan products. Similar to the FastTrack program, this is a great option for farmers and ranchers who need quick access to working capital. With only a basic LTV ratio and credit qualifications, this loan can provide up to $3 million.
Our portfolio products are usually used for more unique transactions. We understand that not every farmer’s needs fit perfectly into a category, which is why we offer a wide range of loan products to fit your specific needs. Portfolio Loans are great for non-standard situations that may require a creative underwriting approach or with the use of alternate funding sources.
Lines of Credit
To help with the daily needs of your farm or ranch, we offer lines of credit that can be used for a variety of purposes. It can be used to cover farm operating costs, such as seed, fertilizer, and livestock feed. It can also be used to upgrade farm storage facilities and equipment, or for other business purposes. This type of loan is perfect for agricultural producers who need flexibility and access to working capital.
When working with a farm loan lender, look for someone who will:
- Work with you to understand your unique needs and financial situation
- Offer a range of loan products to choose from
- Have a deep understanding of the agricultural industry
- Be able to provide quick access to working capital
- Offer competitive interest rates and terms
- Offer long term lines of credit with no annual renewal
- Consider fluctuating input costs
- Offer no pre-pay penalties
As one of the leading financial institutions in the U.S., we offer different types of direct loans to support your farming business. Whether you’re a beginning farmer, a rancher, or an experienced agricultural producer who’s seeking to expand your operation, we have a loan product that’s right for you.
Here at Farm Plus Financial, we are committed to helping farmers secure the financing they need to succeed. We understand that each farm is unique, and we offer a variety of loan options to meet your specific needs. Our team of experts will help you through every step of the process, from finding the right loan to getting it approved.
Another asset of our company is we value privacy. So when you contact us, we’ll only use the information you provide to get in touch with you about your loan options. We’ll never sell your information to third parties or spam you with unwanted emails. You won’t have to worry about third-party marketers getting your sensitive information.
We understand that the agricultural industry is constantly changing, and we are always working to stay up-to-date on the latest trends. As time is of the essence in the agricultural industry, we’ll work quickly to get you the financing you need. Don’t hesitate to contact us today to learn more about our farm loan products and how we can help you grow your business.
What People Are Saying
The process with Farm Plus was transparent and upfront. What I loved most was knowing that when I had a question I could just pick up the phone and talk directly to Aaron, who had been with me since the first conversation (and through a five month process). The human touch set Farm Plus apart.
Thanks to Farm Plus Financial we are now funded and the overall loan process was very professional. Mike K. helped us work our way through all the requirements and always kept us well informed. We are looking forward to more upcoming projects and funding with Mike at Farm Plus as the #1 choice.