In our previous blog post, we talked about how you can wow your lender and how to properly persuade them to finance the farm of your dreams. In our fourth and final installment, we’ll address how to present an effective presentation to your lender and who the finance staff is and what they can do for you.
Before you hear the final word about whether or not you’ll be funded, you’ll need to give your lender a stellar presentation. In order to present an effective lender presentation, you must establish good reporting methodology. Your reporting methodology should include your content, the frequency in which you report, and distrib
Oh, and you should probably be familiar with the finance staff and their role, especially when you get lending aid through them (yes, WHEN, not IF!).
The management staff is responsible for developing the vision and path of the story of your farm. On the other side of the coin, the finance team has the responsibility of developing the systems and reporting to track and manage the elements of your farm business’s story. Together, their focus can be directed toward the areas that can make the operation the most attractive to capital resources and help you get the ball rolling on your farming business!
After that, the sky is the limit. Follow your dreams and stay vigilant of your finances. With a level head on your shoulders, a strong work ethic, and the desire to fulfill your dreams, you can make your farming business soar!
Still have questions about the lending process? No worries! Call us here at FamilyFarms at 1-877-221-FARM, and we’ll help you out! Let us help you get you on the right track to help you start the farming business of your dreams, FamilyFarms style!