Our goal at Lending Valley is to provide all small business owners access to the best loans possible for their business. You can rest assured we will get you the best rates in the market!
Whether you’re already running a poultry farm, or considering this road as a viable business option, we’ve got good news: the poultry industry is on the rise and a poultry farm loan can help you can kickstart your poultry business.
Value of sales from poultry products is nearing the $50 billion mark, and recently experienced 9% growth within a year.
This is a pivotal industry to the U.S. economy, and accounts for over 10% of total agriculture sales in the country.
What we’re saying is: there’s never been a better time.
And if it’s financing you need, our Lending Valley team have rounded up everything you need to know about poultry farm loans—what they are, who needs one, and how to get started right now.
A poultry farm loan helps farmers run their operations more efficiently. Low interest poultry financing can help you stay the course through the peaks and troughs of farm ownership.
There are several poultry farm financing options to keep in mind, and each one has a different purpose.
1 in 3 businesses that fail in the U.S. do so because they don’t come up with the capital to stay operational. That’s a massive number. And with all the types of finance that are available to entrepreneurs and small business owners right now—there should be no reason for it.
More than that, sourcing financing—if you know where to look—can take less than 24 hours. Fortunately, the experts at Lending Valley know where to look when our clients need funding fast.
So how do you know if a poultry farm loan is right for you?
If you can answer yes to any of these questions, poultry farm financing could be a solid financial solution for you.
The important first step in addressing financing requirements for a poultry farm is working out why you want the loan—uses. The second step is based on what you have to hand now—collateral. The third step is establishing how much your business can afford to borrow—cash flow.
Agricultural business owners might want—or need—a loan for many reasons:
New businesses require real estate to get started. Established businesses might need to buy land at some point in the business’s life cycle. When you’re ready to expand, a loan can help you plan future growth and drive your farm’s productivity.
Some lenders may have questions about your real estate goals, including:
Farm equipment is expensive, but it can benefit your productivity as a business. Better equipment can also improve turnaround and reduce manpower needs in various areas of your business.
Agricultural businesses experience more fluctuations in income, and are more affected by seasonal and market demand. A loan to cover a short-term dip in income can help tide you over when you can demonstrate a projected increase in income in the future.
Marketing can be a pressure point for some poultry farms. The same goes for branding, in an age where perception is everything. If you require a more effective marketing plan or have ideas to grow your brand, a loan can help cover marketing costs.
Even the best budget is no match for last minute opportunities. Sometimes an emergency, seasonal anomaly—even unseasonable weather—can drive an opportunity to present itself. In order to take advantage of that, you might need to increase staffing short-term, increase feed, increase livestock, pay transportation costs—anything is possible. Knowing where to source emergency funding can change the game for your business.
What you currently have will come down to one simple question: what collateral do you have?
We can explore this in two ways:
Once you’ve looked at your collateral, you can explore your cash flow. Are you looking for a short-term loan to cover an emergency shortfall? Or a long-term repayment plan to support a growth phase in your business? Or something in between?
Where you want to be depends on several aspects of your business strategy. This could include:
Your budget (or cash flow) plus your potential loan amount will determine your net income after expenses. Essentially, this is the expected salary of the poultry farm over the term of the loan.
If you have a business analyst or a mentor in the poultry industry, they can help you interpret and monitor other areas of your business, too. These can influence your cash flow.
A business analyst can show you how to perform flock analysis, to monitor long- and short-term trends in your birds. Feed conversion, longevity, disease management, pest control, and bird care all influence your bottom line.
These figures determine the likelihood of success for your operation.
Experienced lenders will be able to provide you with clear terms and a loan structure, based on the information you have to hand. This is pivotal to your financial success.
Lending Valley offers variable terms for financing your poultry business. The terms of your loan will depend on the factors we’ve already outlined.
What kind of terms Lending Valley offers for poultry farm financing are presented to all our clients before you sign the dotted line. We present the options that are available—based on your collateral and cash flow—in easy to understand language.
We outline the interest rates and repayment terms, the benefits of each, and can help you choose the financing option that supports the needs of your business.
The great news is that securing a solid loan for your business is fast and simple.
Applying for a poultry farm loan really is as easy as 1-2-3 with Lending Valley’s in-house experts. This means you don’t waste days, weeks, or months in stressful traditional lending institutions. Your time is freed up to work on growing a successful poultry farm and capturing your share of a $48 billion industry.
Owning a poultry farm can give you the freedom to build the life you’ve dreamed of. Lending Valley work hard to be a part of that dream. Our goal is to set you up for the kind of success that makes your hard work worthwhile, utilizing all the finance and lending expertise our team has gained.
Our people can answer questions on your loans, and find the best deal for you in the shortest amount of time. We understand the financial needs of businesses in the poultry industry, and we’ve served hundreds of happy clients who were once in your shoes.
If you’re ready to make the steps to achieve your goals, Lending Valley are the experts you want on your side.
Ready to submit your loan application? Click here and we’ll get you started!
