Agriculture Working Capital Loans

Agriculture Working Capital LoansAgriculture Working Capital Loans with traditional lenders are hard to qualify for. The application process is very difficult, applicants are required to have a high credit score.   Including submitting a large amount of paperwork with a business plan, and guarantee of collateral. The initial review can take four to eight weeks. US Treasury department reports denial rates have been roughly above 80% over the past several years with SBA lending. The fact is most agriculture businesses won’t qualify a small business loan through a bank.

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Agriculture to boom over next five years

Agriculture Working Capital LoansPurdue University and the United States Department of Agriculture report an average of nearly 60,000+ high-skilled agriculture and related job openings are expected annually over the next five years.  Farming expenses such as tractors, plows, seeders, combines, crop dusters are expensive to maintain. Also expenses as fuel, seed, fertilizer, equipment maintenance, or hired contractors.  This is creating the need for farmers to increase their working capital. 

Agriculture Working Capital Loans

Over the next several years the agricultural sector will continue to adjust to lower prices for most farm commodities and reduced energy prices according to the USDA. The demand for meat will increase from 208 million to 327 million metric tons worldwide by 2020. Poultry will be in particularly high demand. Use of cereals, especially maize, as animal feed will also increase. Much of the increase in meat consumption will occur in the developing world.  Demand for root crops such as cassava, sweet potatoes, and yams, will increase by 55 percent.

Agriculture Working Capital Loans – capital without the hassle

Agriculture Working Capital LoansAgriculture Working Capital Loans for the farming industry with an alternative lender is the quickest way to secure funds for your small to medium sized farm. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit ratings and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $500,000. The actual rate and term is dependent on the performance of the business.  There is very little paperwork involved this is why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.

Click below to see different industries, business strategies, and how to get started.