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Farm Business
Agricultural Matters
Farming in France
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<blockquote data-quote="nxy" data-source="post: 7830368" data-attributes="member: 466"><p>In my experience the banks are more interested in "is the project viable and will it pay back the sum borrowed" than a figure of x% of the capital. They will lend quite a high percentage if you can show how you will pay it back, especially if you qualify as an official "young farmer". This would involve a professional consultant drawing up a budget and quite a few other hoops being jumped through but it's well worth it for the extra subsidy and help you qualify for.</p><p></p><p>I doubt if money on deposit would allow you to borrow a lot more as they would say you could withdraw it. The thinking would be "Why not borrow less in the first place?". Never looks bad to have a healthy balance though.</p></blockquote><p></p>
[QUOTE="nxy, post: 7830368, member: 466"] In my experience the banks are more interested in "is the project viable and will it pay back the sum borrowed" than a figure of x% of the capital. They will lend quite a high percentage if you can show how you will pay it back, especially if you qualify as an official "young farmer". This would involve a professional consultant drawing up a budget and quite a few other hoops being jumped through but it's well worth it for the extra subsidy and help you qualify for. I doubt if money on deposit would allow you to borrow a lot more as they would say you could withdraw it. The thinking would be "Why not borrow less in the first place?". Never looks bad to have a healthy balance though. [/QUOTE]
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