Posts Tagged: credit

Personal credit impacts business financing

A person using a mobile pay credit card application

  There’s no question that agriculture is a capital-intensive undertaking, so the ability to obtain credit is essential. Unfortunately, this can sometimes be a challenge, in part because an individual’s personal credit score can impact a lender’s review of a loan request. Three different credit scenarios can cause stumbling blocks, though it’s important to understand… Read more »

Preparing for your 2017 credit needs

A farmer combining their corn with a grain bin in the foreground

By Jeff Schmidt, Chief Credit Officer  With another harvest in the books, it is time to focus on finishing 2016 business while getting prepared for 2017. In many cases, this includes the renewal of your operating loan.  After several exceptionally profitable years, grain and livestock producers have been facing significantly tighter margins the last two… Read more »