This pair of South Carolina farming clients have been friends and business partners since 2012 when they started a farm together. Their farm produces corn, timber and sod. The business partners lease out part of their acreage to national sod-growing companies to gain additional income.
After a series of unexpected storms and flooding wreaked havoc on this South Carolina corn farm, the operators knew it was time to make some changes. They needed to refinance with more favorable loan terms to help them recover from the natural disaster.
AgAmerica developed a refinance plan, reducing their annual interest expense by 20%, and over $20,000 annually. This gave the borrowers the financial flexibility to bounce back and continue expanding their operation.
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