Small Business Loan?
 
 

       The Horse Forum > Barns, Boarding, and Farms > Farm Forum

Small Business Loan?

This is a discussion on Small Business Loan? within the Farm Forum forums, part of the Barns, Boarding, and Farms category

    Like Tree2Likes
    • 2 Post By Mulefeather

     
    LinkBack Thread Tools
        06-20-2014, 11:25 AM
      #1
    Weanling
    Small Business Loan?

    I was just wondering. Is it possible to use a small business loan to buy a horse farm/property?
         
    Sponsored Links
    Advertisement
     
        06-20-2014, 02:09 PM
      #2
    Weanling
    Unless you're planning on opening up a business that requires the purchase of a property (boarding stable, farming, training, what have you), no bank would finance the purchase of a farm as part of a small business loan. Even then, most banks don't usually have enough experience with those types of businesses to know if they're going to be a decent investment.

    There are a number of lenders that specialize ONLY in agricultural/rural property purchases. American AgCredit and AgChoice are two that specialize in those sort of lending practices.

    If you're looking at opening up a business related to horses or farming, you're going to need to come up with a business plan before applying for a loan. This states what your goal is, where you expect to be in five years, and when the bank can expect a return on their investment.
    Speed Racer and beau159 like this.
         

    Thread Tools

    Similar Threads
    Thread Thread Starter Forum Replies Last Post
    small business from home CowgirlsR4Ever300 General Off Topic Discussion 3 08-07-2011 01:47 AM
    Am I crazy for looking at this horse? How small is too small? poultrygirl Horse Talk 8 06-03-2011 12:31 AM
    Starting a small horse supply business... rodeogirl309 Horse Talk 13 03-23-2011 01:34 PM
    Should I still loan her? choccycosmos Horse Talk 5 11-02-2009 08:24 AM
    15.3 tb for loan or loan with view to buy nix77 Horses for Sale 0 10-22-2007 12:04 PM



    All times are GMT -4. The time now is 06:36 AM.


    Powered by vBulletin® Version 3.8.5
    Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
    Search Engine Friendly URLs by vBSEO 3.6.0