Federated Bank has announced the opening of a new loan production office in Will County. The bank will offer reliable lending and leasing options, including business, personal, and agricultural loans from the office located in Braidwood, which will open in mid-November. In addition to a local lending team, Michael Breisch, Senior Vice President of Lending, […]
Agricultural Loan
Before You Borrow – Questions to Ask Yourself
By Joan Honeycutt There are many good reasons to borrow money. Most people will take out a mortgage in order to buy a home. Small businesses often borrow money in order to get the business started or to allow an expansion or purchase of needed property or equipment. Farmers may need to borrow money to […]
Loans for Farms and Ag-Related Businesses
By Craig Gocken In central Illinois, agriculture is a major industry. Farmers combine their own hard work with the rich soil of the area to build successful farming operations. In addition to many large and small farms, our community is also home to many growing businesses that provide the services and products that farmers need […]
Factors Affecting Cash Flow for a Farm
By Craig Gocken For any small business, managing cash flow is a major concern. Even if sales and profits are good, cash flow may still suffer due to the timing of inflows and outflows of cash. However, cash flow for a farming operation can be even more susceptible to changes in certain conditions. These are […]
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