Agribusiness owners looking to expand often find the down-payment requirements of conventional financing dips too far into their working capital. The 504 provides a financing solution. Check out these benefits of using the 504:
- Low down payment (15% in most cases) - helps conserve valuable working capital
- Low, fixed interest rate on 504 - avoids future rate fluctuations
- Long loan term - brings debt service in line with cash flow generated by the business
- Loans are advanced based upon project costs and not appraised value
- Keeps other assets from becoming encumbered
- Option to refinance debt related to fixed assets when combined with a new expansion project
Growth Corp's 504 Loan Program can be used to finance a range of agribusiness projects, such as:
- Grain Elevators
- Irrigation Equipment
- Warehousing and processing facilities
- Operations and fertilizer plants
- Livestock feed lots
- Dairy farm start-up and expansion
- Livestock sales arenas
- Hog farrow-to-finish facilities
Essentially, the 504 is used by agribusiness owners to finance real estate and/or equipment for specific value-added uses.
Read more and download a free white paper at http://www.growthcorp.com/Portals/0/AgLoanInfo.pdf
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