10-Year Line of Credit Helps Washington Farmer Increase Operational Capital

East Washington Farm Operator Increases Working Capital with AgAmerica’s Line of Credit

The Challenge:

A retired radiologist, approached AgAmerica looking for a source of liquidity for his farming operation in Eastern Washington state. Coming from a long history of Washington and Montana farmers, this operator was ready to return to his roots in agriculture. Over the years he held agricultural properties for investment purposes, but with the intention to grow his operation, he needed access to working capital to fund the growth.

The Solution:

AgAmerica was able to provide the borrower with a 10-yr. interest-only line of credit for operational and contingency purposes. Our Relationship Managers, Blake Averitt and Will Messina, had the opportunity to meet our borrower during the process to understand his needs and his long-term business objectives. The borrower now has the financial flexibility to make decisions and purchases for his farms without the worry of penalties or limited cash draws.

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