Georgia Landowners Use Accelerated Loan Package to Expand Operation
Learn how these borrowers returned to AgAmerica to level up their agricultural operation with the financial support of our Accelerate Land Loan Program.
Agriculture is a relationship-centered industry. From your retail supplier to your lender, the relationships you create and cultivate are a leading factor in your success. Having a lender in your corner who is in it for the long haul and committed to the ongoing success of your agribusiness makes all the difference.
The Challenge
Back in 2020, a Southeast couple was interested in buying multiple adjoining properties to turn into one diversified agricultural operation. The operation would have multiple revenue streams—from timber to row crops—but they needed financing fast to capitalize on the opportunity. After learning about their business endeavor from an existing client, an AgAmerica Relationship Manager reached out to the couple to see if we could support them in achieving it.
The Solution
Hearing about their friend’s positive experience with AgAmerica, the couple worked with AgAmerica’s Relationship Manager to quickly lock in a 30-year term loan with a fixed rate for the first land purchase. More than a year later, the couple was ready to expand their operation once again and returned to AgAmerica to finance the purchase of additional properties. The closing date of one was sooner than the other, so AgAmerica split the financing into two separate term loans through our Accelerate Land Loan Program to ensure both deadlines were met in time with expedited approval and minimal paperwork.