LOUISVILLE, Ky. — Farmers who need short-term business loans now have a fast, easy, and competitive option with Farm Credit Mid-America.
The agricultural financial services cooperative has launched a mobile-friendly online application for farmers and producers applying for short-term loans of $75,000 or less.
The tool simplifies the application process, allowing farmers and operators to spend less time on paperwork and more time managing their operations. In many cases, applicants will receive same day decisions and could have applied for funds in hand in as little as 24 hours.
“We know needs can arise on the farm that require funding – and quickly. When our customers told us they wanted a faster, easier loan process for short-term loans, we listened and got to work,” said Scott Holmes, Regional Vice President of Agricultural Lending. in central Tennessee. “This application tool can be completed from a computer, mobile phone or any smart device. It’s easy, it’s fast and it allows our clients to get the funds they need faster than ever before.
Using this tool, applicants can gather and submit everything they need for the loan application, eliminating the many steps required when funding larger loan amounts. These short-term loans also come with competitive rates and terms.
“Our vision is to be a thriving and sustainable cooperative that provides our customers with exceptional experiences,” said Tim Williams, senior vice president of agricultural lending. “This new loan application tool keeps our customers at heart by filling a need in our market. We are excited to offer this new loan option to hard-working farmers and growers in Ohio, Indiana, Kentucky and Tennessee.
To learn more about the new tool or start an application, go to apply.e-farmcredit.com.