The annual meeting of the Vermont Christmas Tree Association was held Saturday June 28th at Bryan Blundell’s Christmas Farms in Craftsbury. Mike Farmer, Senior Vice President, presented “What a Banker Looks For From a New Loan Applicant”. The presentation focused on the 5 C’s of Credit (character, capacity, capital, condition and collateral) and the need for good, accurate financial records. To us, financial records represent a borrower's life history and it’s how we get to know them along with asking about their business and what their plans are. The Vermont Christmas Tree Association currently has 21 members who are mostly wholesale growers. They also discussed pruning techniques and other trends in their industry. We have several Yankee members who belong to this Association. Mike appreciated the opportunity to speak to them and thanked Steve Hardy for asking Yankee to attend.
