Yankee Farm Credit through the Ups and Downs

When profits are up it’s easy to think about what your lender can do for you: finance new equipment, construction of a new building, or help you buy land. When times get a bit more stressful, however, your lender may not be on your radar as someone to turn to for potential help.

It’s important to know that Yankee is here for you both in good times and when things aren’t quite as rosy.

 

If a time comes when finances feel challenging it is important to communicate with your lender and work together to create a plan. We understand the ups and downs of agriculture, and also how much heart and soul our borrowers invest in their businesses. Here are some options that Yankee may be able to so do for you during low periods:

 

• Work with you to ensure quality financial records in order to accurately analyze balance sheets and income statements
• Offer up to three hours of free business consultation to get started on a detailed budget 
• If the current debt load isn’t affordable, help to identify how much debt you can afford and suggest ways to achieve that
• If we are not able to lend new money, we may still be able to defer principal on the current debt
• We may be able to re-amortize the loan in order to lengthen the term and reduce payment levels
• Help preserve net worth

We stand by the Farm Credit System's mission to support rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. 

 

For more information on how we can help you, please contact your local branch office by clicking here: YankeeFarmCredit.com/locations