Farm Loans for Maine Agriculture
Are you looking for a farm loan in Maine? Do you have farm real estate? Do you need operating capital? Conterra provides farm real estate backed loans in Maine and throughout the United States. Conterra can provide a variety of loan products including revolving lines of credit (RLOC) in Maine. You can refinance your RLOC into a low long term fixed rate which can help reduce your risk in your Maine farm operation. Conterra also offers crop insurance and operating lines of credit in Maine. For highly qualified borrowers Conterra has a new credit score based approval program called Conterra Ag Premier, where we can provide quick approvals usually within 24-48 hours of submission.
Maine Ag Production
Conterra knows Maine’s agriculture and natural resources play an important role in the states economy. The state leads the nation in wild blueberries and second for maple syrup. Aquaculture is a huge industry in Maine thanks to the 5,300-mile coastline – the most of any states east of the Mississippi. The main commodities in Main agriculture are eggs, milk, wild blueberry, maple syrup, and potatoes.
Lending in Maine FAQ's
Yes, Conterra offers ag real estate lending. We have creative financing to maximize your purchasing power through ag real estate collateral.
Conterra has long term fixed rates out to 30 years, as well as short term financing, bridge loans, and RLOC’s to meet the financing needs of Maine farmers.
Increasing your working capital helps your chances of successfully growing your agribusiness. You have options available through the value of your real estate to expand your operation and mitigate your financial risk by having more cash for operations. Your first step is to talk to one of our ag lending experts to learn more about leveraging the equity and value of your land to help expand your operation.
Yes, Conterra has many financing options available to help finance your farm’s needs including revolving lines of credit (RLOC) which can later be refinanced into long term loans.
Yes, Conterra will order an appraisal on your land in Maine through our network of certified appraisers. With our Conterra Ag Premier application we utilize an internal evaluation on the property.
Let's Talk Farming
We have a many loan products including our Rapid Application which is a credit scorecard based model designed to deliver quick underwriting decisions with a simplified application process.