Bankers South Finances a $600k Citrus Loan

Recently, Bankers South Lending & Finance, LLC funded a $600k citrus loan. By taking a global look at a Florida borrower’s finances, Bankers South was able to finance his citrus operation’s resets and improvements.

Through its special Transitional Lending Program, Bankers South provided this citrus grower financial support when no other banks could, allowing him to use the equity in his grove to expand his agricultural operation.

TRANSITIONAL LENDING PROGRAM

Bankers South understands that many solid, successful individuals or businesses face situations or opportunities the do not fit easily into the rigid structure of institutional lending. That’s why Bankers South offers the Transitional Lending Program – a program designed to provide non-conventional, fixed or floating-rate bridge loans on the following asset classes:

  • Vacant Land – Ag Loans and Timberland Loans
  • Investment Real Estate Loans
  • Commercial Real Estate Intermediate Loans
  • Other Consumer Loans secured by approved collateral
  • Refinance/Debt Consolidation

 

These asset-based loans, often called “hard money” loans, are based on collateral and can be used for a variety of purposes, including funding new real estate projects, paying off loans, or securing opportunities quickly. The low documentation process is often less time consuming than a standard bank loan and can be processed in as little as a week! Depending on lending needs, the loans can be accessed through an equity line or in a lump sum payout.

Like with all of its loans, Bankers South’s Transitional Lending Program strives to provide a personal, responsive service to all customers. With its own extensive experience buying, selling, and managing agriculture land, Bankers South understands the ins and outs of ag lending. The staff includes employees whose own farming histories stretch back generations. Suffice it to say, Bankers South not only offers ag lending solutions, but supportive, professional long-standing relationships as well.

Need cash to expand your citrus operation? Contact Bankers South to discuss your farmland financing solutions! 


Citrus Greening Spreads Far and Wide in Florida

Dangerous citrus canker infections (also referred to as “citrus greening”) continue to impact Florida’s citrus crop. The infection, previously restricted to Florida regions, has now begun spreading and was recently discovered by farmers in New Orleans, LA. Florida’s famed orange is at most risk, though all citrus crops are threatened.

Though extensive research is being conducted to eradicate citrus greening, there presently exists no cure for the infection. As such, many farmers fear a marked decrease in citrus production this year.

In the past, many citrus growers have relied on government backed loans – USDA loans or FSA loans – to counter citrus greening damage. In the aftermath of the government shutdown, however, many citrus farmers were/have been unable to lock onto federally funded ag loans. In many instances, citrus farmers that desperately need an ag loan or subsidy, cannot receive them.

So, what’s the solution?

One solution is taking more of a non-conventional approach. Instead of relying and waiting on the government, and rather than turning to traditional lenders (i.e. banks) that have little knowledge when it comes to the agricultural industry, perhaps it makes more sense to consult a company specializing in agricultural lending.

Bankers South has the suitable qualifications necessary to work with you to obtain the citrus loan finance you require. As an ag lending company, we can assure you that whomever you deal with will have an in-depth understanding of your business needs and concerns. In fact, our staff includes employees whose own farming histories stretch back generations. Plus, we have our own experience with buying, selling, and managing agriculture land.

Through our AgAmerica Lending Program, we offer farms loans that cover all facets of farming, from smaller ag operations to vast citrus farms. When it’s time to plant your next row crop or expand your citrus groves, these loans are a great solution.


Here’s What Female Farmers Need to Know About Lending

There was a story in the USA Today recently that might come as a surprise to some in the world of farming. It said that the number of women farmers has increased dramatically in the past decade. This isn’t just wives or daughters of farmers but women who have decided to take on farm operations of their own.

In fact, women farmers have increased 19 percent since 2002, while the number of farmers overall grew by just 7 percent, according to the USDA. In places like Iowa, women now make up 20 percent of all farmers.

Some of these farmers took over the operation after they outlived their fathers or husbands, but more and more, women are choosing to enter farming on their own.

No matter how they enter the industry, women farmers should know what’s available to them in the form of agricultural loans that could help their operations grow.

First and foremost is the AgAmerica Conventional Real Estate Loans, which offer extremely low financing and are as competitive as anything in ag lending, including government farm loans. AgAmerica loans come with several options, including a 25-year fully amortized loan and a 10-year AgEquity Revolving Line of Credit.

Women farmers who are new to ag lending may also want to consider the Transitional Lending program from Bankers South. These loans are often called “hard money” loans and are based on collateral. These are ideal for, say, new ranch financing to buy grazing land, or as a citrus loan to buy new groves. They can also be used as a hobby farm loan for someone looking to buy a new four-wheeler for the grandkids or a new boat for the weekends.

It may also be important to women farmers who are new to ag lending to look for a banker who strives to make a personal connection with clients. Here at Bankers South, we approach every farm loan refinancing or new hard money loan or any other type of loan as a chance to develop a relationship with a client we hope to keep for life. Whether you’re a female or a male farmer, here at Bankers South, we’re going to give you that personal approach we hope will become a long-lasting relationship.


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