Cash is king, especially if you’re eyeing additional real estate to expand your farm or ranch operations. Thinking about refinancing your debt to increase your cash flow? A USDA FSA loan may be a good fit – and yes, it may be possible to refinance existing debt with a USDA farm loan.
Farm loan interest rates continue to be low and refinancing your existing debt may be tempting. Over the past few years, farmers and ranchers have endured a wild ride with extremes in weather affecting production and may have derailed plans for expansion. As you move forward with your plans, a First Financial Bank loan with an FSA guarantee may be a good fit for farmers and ranchers looking for that extra safety net.
With an FSA Guaranteed Loan with First Financial Bank, there are:
And you are working with a lender who has earned the highest status awarded in 49 states: FSA Preferred Lender. What does that mean for you? You are working with a team who have demonstrated extensive experience in agricultural lending. We get it. And because we do, we can typically help you get that loan approval faster.
What are some of the requirements you need to meet to qualify? They include: