Bankers South’s Consumer Loans

Looking to acquire a new or used car, boat, recreational vehicle, motorcycle, or ATV? Need a little extra cash to support your dream vacation?

You’ve come to the right lender.

At Bankers South, we understand that not everyone has the credit to secure traditional bank loans for new purchases. Many consumer loans, especially unsecured loans, are highly dependent on credit rating. Among conventional banks especially, the higher your credit score, the better your chances of securing a loan, or of getting a good interest rate on a loan. That’s NOT how we do things at Bankers South because we recognize that this type of consumer lending doesn’t work for everyone.

That’s why we offer our collateral-based Consumer Loans Program. These secured loans, collateralized by personal property, may be used for any purpose. Featuring competitive rates, these loan types ease the buying process whether you are buying a new car for your commuter job or a JetSki for the grandkids. Once you’ve decided on your purchase, we’ll work with you to successfully arrange a secured loan without the worry of what’s to come.

But before making any purchase or consumer loan commitment, it’s important to assess your financial situation. Think about whether you’ll be able to make your payments if you suffer a setback, such as a job loss. Factor in how long you’ll be using whatever it is you’re buying compared with how long you’ll be making payments. Paying off a motorcycle over four years makes sense if you’ll be driving the motorcycle during that time, but how long do you want to be paying off that week-long dream vacation that you took four years ago? These are important questions.

If you’ve already assessed your financial situation and are ready to proceed, review our consumer loans requirements to determine if you’re eligible. If your personal property aligns with these requirements, please submit the initial application. After we assess your application, a representative of Bankers South will be in touch within one to two business days.


Land Values Rise as Investors and Traditional Buyers Return to the Market

The newspaper in Kalamazoo had a story the other day that offered some good news. Land values in Michigan’s Allegan County had not only found the floor of the market but had seen an increase last year for the first time since 2009. The reason? An across-the-board increase in agricultural land values.

It’s a story repeated in most spots across the country, and especially here in Florida. Values on timberland, development land, or just opportunistic deals are on the rise.

Consider that the Rural Main Street Index, one the best indicators of the health of land values, has seen a positive farmland price index for 41 consecutive months. That’s an indicator tracking values in a 10-state region. Those positive numbers reflect good buying conditions in most markets.

Farmers make up a portion of the buyers, but investors are more and more seeing a value in development parcels, timberland, and farmland. The return of investors is a good sign that it’s time to buy before prices continue to rise.

At Bankers South, we have more than 80 years combined experience with everything from citrus loans to ranch financing to hard-money farm loans. We have worked on projects from $100,000 to $100 million. We have specialists on staff that can help farmers and investors find lands. We know the ins and outs because we’ve invested in hundreds of thousands of acres ourselves.

Bankers South is institutionally funded and will consider loans from $100,000 to $100 million. The specific parameters depend upon whether the type of loan sought is secured by real estate, title, or some other type of collateral.

So if you’re looking for anything from a traditional collateral-based loan to a consumer loan, we will work with you to make sure you have a structured plan that fits your goals.


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