![]() In this article, we’ll cover the pros and cons of FSA loans (Beginning Farmer and Direct Loans), Seller Financing, Commercial Loans (including FSA Guaranteed Loans), and Farmland Capital, a new offering from FBN®. ![]() There are some compelling existing and new financial tools to help farmers purchase land that can be useful in the right situation. ![]() It can take multiple years to save up just for the down payment and land markets can be very competitive. However, it doesn’t allow you to build equity and value over time.Įquipment is depreciable and loses value every year, and rents can increase or be terminated, making renting a potential riskier proposition over the long term.īuying land can be a better alternative, but it is very capital intensive. Renting allows farmers to build a land base and cash flows to ensure they can make payments for the equipment. Don’t hesitate to contact one of the lending specialists from the website who will be happy to help you achieve your goals.One of the main challenges growing farmers face is securing farmland.Īn easy and capital efficient way to start is by renting land. Our experts assist clients in obtaining Hobby Farm loans with great rates, so that whatever the stage of your farm operation’s life cycle, you are sure to be met with solutions that fit your needs.Ĭall FarmLender.ca today at 888.393.8686 to speak with an agent who can answer your questions or stop by online at FarmLender.ca where you’ll find a wealth of information with regard to the capital you’re looking for. Whether you are interested in expanding your current operation, starting up a new business or refinancing debt, FarmLender.ca can help. A loan should also be looked on as a means of meeting the needs of the borrower. Hobby Farm loans may appear to be risky in the eyes of a traditional lender, but that's only because they're viewing the loan through a narrow mind-set. Hobby Farms are usually smaller in size than other agri-business types, typically from 5-100 acres in size and are often dedicated to sustainable and eco-friendly farming practices, along with fair animal treatment that makes them attractive to fund for companies like FarmLender.ca.Īlthough small-scale farming may not be one of the main objectives of a banking institution when it comes to lending money, it happens to be one that FarmLender.ca looks favorably upon, and one which we will gladly assist our clients in locating funding for. Since Hobby Farms are not typically run as an agri-business they can seem to a more traditional lender to be of a greater risk. Hobby Farm loans cannot often be financed through traditional lenders, such as a bank, which is one reason why FarmLender.ca is committed to helping our clients get the money they’re in need of for their farms. ![]() We are here to assist you in securing your loan regardless of your current credit score or financial circumstances, therefore, with good credit, bad credit or no credit at all, you can be confident when calling FarmLender.ca. It is through FarmLender.ca’s relationships with more than 50 lenders and investors that we are able to find the capital our clients need for Hobby Farm loans and other farming operations, quickly and inexpensively. With mortgage professionals in the private lending, corporate finance and other unique sectors, we are able help our clients obtain the loans they’re hoping to secure. If you thought your bad credit would keep you from being able to obtain the financing you require for the start-up or growth of your farm, consider the company more locals come to for capital.įarmLender.ca has been in the business of funding agri-business for 24 years, and in all that time, one thing has not changed, we are every bit as committed to day to the success of their clients as they first were when their doors opened. Do you need financing for an agricultural venture? Canadians looking for Hobby Farm loans come to FarmLender.ca. ![]()
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