Multigenerational Florida citrus farmers use 10-year LOC to lower payments and expand their family operation.
The Challenge
As a sixth-generation Floridian, our borrower and his wife were invested not only financially but also emotionally in the success of their family citrus grove. Already owners of 90 citrus acres, the family sought to add land and consolidate their debts.
The Solution
AgAmerica Lending designed a loan package that saved the borrowers $57,000 in annual payments while adding a 10-year revolving line of credit.
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