If you live in California, you know that agriculture continues to play an important role in the economy of California. With nearly 40 million people, the Golden State still has farms producing a wide variety of agricultural products. In fact, California is a leader in the production of wine and cheese, California products are in the grocery store across the United States. So how do you start? In reading the suggestions described below!
Financial Institutions - Commercial banks, savings banks, savings and loan institutions and credit unions are good places to go to California for a farm loan. You need to bring with you the detailed financial information, including a list of your assets, pay stubs, references, and more. During his stay in the institution of credit will be given the appropriate forms and disclosures that will help you get started. Depending on the lender you choose, you can have a separate community of California loan department or may be part of your small business association department.
Government Agencies - The state of California is a major provider of public services. Naturally, they want their billion-dollar industry to thrive and agencies are in place to help you with your loan California farm. Sacramento Call to find out which agency is right for you.
Agricultural associations - Local farmers probably belong to an agricultural association. Pay a visit to the association and see if they offer plans of agricultural loans in California. Some may act as an agent of the federal government agency of the U.S. Farm Service [part of the USDA], and then we can point you in the right direction. In any case, consult the association in its recommendations.
You can also borrow against their own assets and create your own loan California farm. If you have equity in a home, a 401 (k), life insurance, or other assets they may become important financing mechanisms for new farm.
California loans are available to you, especially if your credit is good. Do some research, talk to other farmers, and find the loan that is right for you. Soon, you will be tilling soil and planting crops that will walk through the American dinner tables.
Source: http://EzineArticles.com/70194
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