Why The Nationwide Farm Loan Lender Is Your Best Option

Many times I have been asked why go with a nationwide farm loan lender instead of using a local bank.  I believe there are numerous reasons why a person should get a farm loan with a nationwide farm lender.  Of all the reasons why, these three seem to stand out as the most important.

Relationship

On top of the list is RELATIONSHIP.  Every agricultural producer should have a relationship with their lender.  A problem arises when the producer buys a property outside of the local lenders lending territory. 

Typically, you own a ranch in California/Texas or any other state.  Your property has increased in value, and you sell at an increased value.  You decide to buy a larger ranch in another area and your local lender can not help you with the farm loan because he does not lend in that area, region, or state.  At this point, you have to start over and establish a new relationship with another farm loan lender in that area.  Problems arise:  You’ve wasted your valuable time.  You do not know who to use?  The lender has to get all new financial information?  Will your new farm loan lender treat you fairly and be honest?  Basically, you are having to begin a new relationship with this new farm loan lender.

BUT with a national farm loan lender, your relationship is always available, and it will be available anywhere you choose to buy in the United States.  One Lender, One Relationship!  What could be more convenient??  A nationwide farm loan lender is the best option because the relationship is always ready to help you receive a farm loan anywhere within the United States.  One relationship and no hastle!

Longer Fixed Loan Terms / Lower Rates

Local banks within the rural areas are usually smaller in size in both capital and lending power.  With the fluctuation of interest rates today, a producer can not afford to gamble on a short term fixed rate.  They are always amazed and relieved when I explain that I can fix their farm loan for a longer term.  Many times I am able to offer them a 20 to 30 year fixed loan at the same rate their local bank could only offer them the farm loan for less than five years.

A producer needs to lock in a long term rate now because he/she must know what the payment and fixed loan cost will be in the future. 

Experts In Farm Lending

Nationwide lenders have more volume so they can specialize in one area of lending. McMar Financial specializes in farm loans and only farm loans.  Working with borrowers across the nation we look at hundreds of applications and review borrowers with every sort of agricultural venture. 

Your local lender may only be familiar with a specific region or kind of farm.  If that region is made up of 90% wheat farms and you want to try another type of agricultural production they don’t have the expertise to advise you on the positives and negatives.  It makes perfect sense that the more knowledge a farm loan lender has and the more individualized types of producers and land a person reviews the more he is able to determine what is the best options. 

McMar Financial has helped customers with farm loans from strawberry farms, vineyards, dairies, wheat/cattle farms, hobby farms, hog farms, gentlemen farms, and many other types of farm loans. 

McMar Financial has relationships with Nationwide Farm Loan Lenders who can provide Long Term Fixed Rate Loans with a Low Interest Rate.

If you are interested in a farm loan, please contact McMar Financial.

Written by Todd P. McCue, President, McMar Financial
McMar Financial
116 E. Broadway
Phone- 580-227-1234

http://www.mcmarfinancial.com