If you live in North Carolina, you know that farming plays a significant role in the North Carolina economy. With just over 9 million residents, the “Old North State” features many farms producing a wide variety of agricultural products. Indeed, North Carolina is a leader in the production of tobacco, grapes, sweet potatoes, peanuts, and pork; Tarheel products are sold via grocers all across America. So, how can you get started? By reading the following ideas I have listed.
Financial Institutions – Commercial banks, savings banks, savings and loan institutions as well as credit unions are all good places to go for your North Carolina farm loan. You need to bring with you detailed monetary information including a list of your assets, pay stubs, recommendations, and more. While at the lending institution you will be given the suitable forms and disclosures to help you get going. Depending on which lending institution you select, they may have a distinct North Carolina Farm Loan division or it may be part of their small business association section.
Government Agencies – The state of North Carolina is a large provider of government services. Naturally, they want their multibillion dollar industry to prosper and the proper agencies are in place to help you with your North Carolina Farm Loan. Call Raleigh to find out which agency is best for you.
Farm Associations – Farmers in your area probably belong to a farm association. Pay the association a call and see if they offer North Carolina Farm Loan plans. Some may act as an agent for the U.S. federal government’s Farm Service Agency [part of the USDA] and can then direct you accordingly. Regardless, check with the association for their recommendations.
You can also borrow against your own assets and craft your own North Carolina Farm Loan. If you have equity in a home, a 401(k) plan, a life insurance policy, or other assets these may turn out to be worthy funding devices for your new farm.
North Carolina Farm Loans are available to you, especially if your credit is very good. Make inquiries, talk with other farmers, and find the loan that is best for you. Soon, you will be tilling soil and planting the crops that will adorn American supper tables.
Copyright 2006 – For additional information regarding Matt Keegan, The Article Writer, please visit his blog for wit, quips, and freelance writing tips.
[tags]North Carolina farm loans, Raleigh, Charlotte, Winston-Salem, Durham, Chapel Hill, Cary, Wake County[/tags]
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