Farmers Business Network (FBN), the AgTech platform and farmer-to-farmer network, announced its lending unit, FBN Finance, has surpassed $2 billion in financing provided to growers across the United States.
The $2 billion milestone showcases the growing number of farmers who rely on FBN Finance for faster, less expensive, and more reliable access to capital as they run and scale their farm operations.
"With today's high interest environment, FBN Finance's low competitive rates, rapid online approvals for qualified applicants, and range of financing options serve as a relief for thousands of growers looking to optimize their ROI," said Dan English, GM, FBN Finance. "Our technology is tailored for farmers and usable in the field, office, or tractor. But what has set us apart is combining that ease and convenience of online financing with the outstanding expertise and service of our loan advisors, truly being a partner in our farmers’ profitability."
FBN Finance is designed to put Farmers First. It is attractive to farmers for numerous reasons, including:
- Competitive Rates: FBN Finance's digital first approach reduces overhead, passing savings – often numbering thousands of dollars – to its farmer members.
- Fast and Easy: FBN Finance enables growers to apply for financing through a secure and user-friendly portal, while also allowing farmers to track their application's progress in real-time and make payments online. Through FBN Finance's Instant Approval on land loans and equipment financing, qualified growers can get approved within minutes – so they get access to capital when they need it most.
- Outstanding Service: FBN Finance's mission is to power family farms. The FBN Finance team averages 15+ years of ag finance experience, prides itself on helping growers meet their unique financing needs and coming up with creative, unique solutions that work best for their specific circumstances. FBN Finance has nationwide representatives with expertise in local markets – all of whom are dedicated to finding the best solutions for farmers and their specific circumstances.
Farmers can capitalize on FBN Finance's offerings to secure land loans, operating lines, equipment loans, farmland capital, and input financing.
In addition, FBN Finance's innovative Farmland Capital enables growers to access their farm's equity. This enables them to put this capital to work towards a down payment, meeting a retirement goal, or improving their operations. Growers get access to cash, maintaining ownership of their farm while making no annual payments.