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Hey guys, i need to get a secured line of credit from somewhere, i was wondering if any of you silver-backs would have an idea where i should do business or all they all the same. I live in Calgary, farm is in Sask.
 

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Best rate will probably be at your bank. Show up with a few years of farm income/expenses and they should be able to come up with something secured by inventory.
 

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If you are considered low risk by the banks the interest rate can be significantly less for borrowing from the bank than with farm credit.
 

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And thoes loans can be pulled at any time

If you don’t mind putting up with afsc go that way. Lest then your dealing with the government and no a bank

Did I say I don’t trust banks?
 

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deal only with banks afsc and fcc are government agencies and rates too high. If the banks want too much colateral and rate is high then you are high risk and should not be borrowing anyway
 

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Those rates are reasonable and in line.^^^
FCC on the other hand was quoting somewhere in the neighborhood of 6.75% for their input line of credit.
And that was if you had an excellent credit rating.
 
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