We’ve partnered with Farm Credit to make financing your farm project as easy as possible! With options for farmers of all backgrounds, competitive rates, and an intricate knowledge of Freight Farms technology, Farm Credit is committed to helping you get your start.
Familiar with Freight Farms and the Greenery
Over the past several years, Farm Credit has worked with several aspiring Freight Farmers, providing them with an equipment loan that helped them get farming quickly. This familiarity and experience with Freight Farms’ technology and business model means a faster path to approval for you!
Options for first-time business owners
In addition to their main lending options, Farm Credit will invest up to $75,000 in new farming businesses owners through their FarmStart program. This is a unique program that works specifically with farmers with less than three years of experience. All you need is a strong business plan to get started with a FarmStart advisor. You can find a comprehensive business plan writing guide here.
Competitive rates
Farm Credit offers competitive rates for Freight Farmers based on four main criteria: Capital, Capacity, Collateral, and Character.
Their perfect candidate has:
The capital to get started: Net worth equal to about 40% of the loan total
The capacity to repay the loan: A business that generates (or will generate) enough profit to cover the debt two times over.
Good character: A clean background check with no criminal record and a FICO score above 700
The collateral to guarantee the loan: This can be in the form real estate, a co-signer, or other assets.
Once you connect with a Farm Credit representative, we recommend having them speak with their colleague Mark Viens who is the in-house expert on container farming and familiar with Freight Farms products.
Contact Info
Mark Viens
Farm Credit East - New Hampshire
Mark.Viens@farmcrediteast.com
(603) 472 - 3554
Your farming equipment qualifies for Section 179 of the IRS tax code, which allows businesses to deduct the full purchase price of qualifying equipment financed during the tax year (up to $1 million) along with first year operating costs. Instead of depreciating newly acquired equipment over several years, you can take the full depreciation now and save money on your bottom line.
Calculate your savings and read more about Section 179.
Compare Your Financing Options
SBA loan? Equipment financing? USDA loan? There are lots of options out there–see which one is best suited to meet your needs.
Hear From Farm Financing Experts
Our Farm Financing Made Easy event series brings you the most up-to-date information from the experts. Join live or check out the recordings.
Guide to Writing Your Business Plan
We make writing your business plan simple with a step-by-step guide which–when paired with our business tool–helps you formalize your whole project.
Coming Soon: Lending Packet
Some lenders need additional information about the Greenery’s unique technology and potential. We put all the necessary information together into one handy packet.
