Ag Source Finance: AR2Cash
Who is the program for?
The program is good for our customers that need crop terms or at least 90 days to pay.
The size of the loan must be for annual crop year needs of $10,000 minimum up to $500,000.
The customer must have been our customer for at least two years, and have paid as agreed for the previous crop year.
How does it help the customer?
The customer gets the extended terms for payment at a much lower rate of interest.
Loans $50,000 and under are a variable rate of prime +4%.
Loans over $51,000 are a variable rate of prime + 3%.
This is a crop year term loan with a definite date of maturity. Once the entire loan is used, additional credit is not available by making payments.
There are no prepayment charges, so growers can make payments during the term of the loan to keep their interest expenses down.
What is needed to apply?
Our company Credit Application. Existing applications can be used.
The one page easy application signed by the customer and mailed and/or faxed to the Credit Manager.
The Credit Manager is available to answer questions and explain the program.
These loans are based on the customers consumer credit score and the Credit Manager prescreens them before submission. Once the application is received the answer is very quick.
Additional Facts
The loan is unsecured with no documents to sign other than the applications.
Invoices and memo statements will continue to be sent to the grower. A monthly statement is sent by Ag Source Finance, and payments are to be sent to a lock box in Spokane.
For more information please contact:
Vicky Fox
Financial Services Manager
PO Box 1818 Woodland,CA 95776
530 662 6506
530 668 9584 (fax)
|
|
|
