Manage your business better with an Agrow Line-of-Credit
A line of credit offers the convenience and flexibility to assist you in managing your cash in-flows and out-flows. No matter if you need cash for farming, ranching, or some other agribusiness venture; we make it easy for you to make those necessary purchases throughout the year on an as needed basis. If you need some additional financing, such as a term loan, we can do that together with your LOC. In addition, Agrow offers flexible collateral requirements that help you by leveraging your equity and building on your assets.
Some highlights of working with Agrow for your Line-of-Credit(s):
At Agrow, we offer both budgeted and revolving lines of credit (LOC). LOC’s include, but are not limited to, operating costs, equipment and livestock purchases, crop input expenses and lease payments.
- Budgeted– Make scheduled draws against your LOC based on your operation’s annual cash flow. You may borrow up to the credit limit one time.
- Revolving– Draw and repay funds without budgetary restrictions as long as you are within your credit limit. This allows you to borrow up to the credit limit more than once during the term of the note.
Are you in a position that would benefit from a longer LOC term (more than 1 year)? If so, Agrow has the ability to finance a land collateralized line-of-credit up to 5 years with the option to term out at the end. This is available to those with excellent credit and who are able to meet certain conditions, but once approved, it can be customized to work alongside you and your business(es).
Please call or email Agrow today for any inquiries. We’d love to hear from you!