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Farm Business
Agricultural Matters
Cost of borrowing?
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<blockquote data-quote="MCook" data-source="post: 7928620" data-attributes="member: 161846"><p>The APR will vary quite significantly depending on term length. Some specialist providers can offer loans up to 25/30 years, but the borrower will usually repay the loan over a period of between 5-30 years. </p><p></p><p>Things such as loan-to-value and the general performance and liquidity of a business will also effect what a lender is willing to charge. Recently some lenders will also offer preferential rates to those using certain cloud software, as they require read only access to a businesses financials, which allows them potentially offer lower rates.</p></blockquote><p></p>
[QUOTE="MCook, post: 7928620, member: 161846"] The APR will vary quite significantly depending on term length. Some specialist providers can offer loans up to 25/30 years, but the borrower will usually repay the loan over a period of between 5-30 years. Things such as loan-to-value and the general performance and liquidity of a business will also effect what a lender is willing to charge. Recently some lenders will also offer preferential rates to those using certain cloud software, as they require read only access to a businesses financials, which allows them potentially offer lower rates. [/QUOTE]
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Cost of borrowing?
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