Farmers Business Network Now Offering Bridge Loans
Thanks to the time it takes to complete an appraisal, purchasing farm land can take up to 90 days to close. Farmers Business Network announced today it has a new tool to help buyers expedite that process. FBN Finance General Manager Dan English.“For Farmers who don’t have all of the cash on hand… once the appraisal comes back.”
And for buyers in California, the Farmers Business Network’s Bridge Loan opportunity may save you some money on fees.
“We have a nation wide pricing model so all farmers in California are eligible for the same pricing and discounts. That may not seem particularly interesting, but when we look at the data, the rates and fees charged to California farmers are typically higher… so they’ll get a pretty competitive rate through FBN and FBN finance.”