FBN® Finance Surpasses $2 Billion in Financing Provided to Growers

Farmers turn to FBN Finance as they seek relief from high interest rates

CHICAGO & SAN CARLOS, Calif.--(BUSINESS WIRE)--Farmers Business Network, Inc. (FBN®), the AgTech platform and farmer-to-farmer network, today announced that its lending unit, FBN Finance, has surpassed $2 billion in financing provided to growers across the United States.

The $2 billion milestone showcases the growing number of farmers who rely on FBN Finance for faster, less expensive, and more reliable access to capital as they run and scale their farm operations.

"With today's high interest environment, FBN Finance's low competitive rates, rapid online approvals for qualified applicants, and range of financing options serve as a relief for thousands of growers looking to optimize their ROI," said Dan English, GM, FBN Finance. "Our technology is tailored for farmers and usable in the field, office, or tractor. But what has set us apart is combining that ease and convenience of online financing with the outstanding expertise and service of our loan advisors, truly being a partner in our farmers’ profitability."

FBN Finance is designed to put Farmers First®. It is attractive to farmers for numerous reasons, including:

• Competitive Rates: FBN Finance's digital first approach reduces overhead, passing savings – often numbering thousands of dollars – to its farmer members.
• Fast and Easy: FBN Finance enables growers to apply for financing through a secure and user-friendly portal, while also allowing farmers to track their application's progress in real-time and make payments online. Through FBN Finance's Instant Approval on land loans and equipment financing, qualified growers can get approved within minutes – so they get access to capital when they need it most.
• Outstanding Service: FBN Finance's mission is to power family farms. The FBN Finance team averages 15+ years of ag finance experience, prides itself on helping growers meet their unique financing needs and coming up with creative, unique solutions that work best for their specific circumstances. FBN Finance has nationwide representatives with expertise in local markets – all of whom are dedicated to finding the best solutions for farmers and their specific circumstances.

Farmers can capitalize on FBN Finance's offerings to secure land loans, operating lines, equipment loans, farmland capital, and input financing.

In addition, FBN Finance's innovative Farmland Capital enables growers to access their farm's equity. This enables them to put this capital to work towards a down payment, meeting a retirement goal, or improving their operations. Growers get access to cash, maintaining ownership of their farm while making no annual payments.

FBN Finance also offers its Regenerative Agriculture Operating Line, in which eligible farmers can qualify for a 0.5% interest payment rebate on approved Regenerative Agriculture Financing Operating Line from FBN Finance.* The program is one of the first in the U.S. to provide financing incentives for farmers to implement regenerative ag practices.

In recent months, FBN Finance further streamlined the financing process for farmers with its digital payments platform for operating line customers. The digital payments platform gives farmers greater convenience, speed, and improved visibility when it comes to managing and paying their loan, 24 hours a day, 7 days a week.

FBN Finance has ag loan advisors located throughout U.S. rural communities. These experts work with growers to create a tailored financial solution that will help maximize profitability for their unique circumstances and operation.

Earlier this spring, FBN Finance surpassed more than $1 billion in Operating Lines. FBN Finance Operating Lines have numerous benefits compared to conventional farm loans, including the ability to leverage 0% financing for inputs purchased with FBN Inputs, access to Regenerative Ag discounts, and seamless digital payments.

Those looking to learn more about financing solutions from FBN Finance should visit www.fbn.com/financing or call 866-551-3950.

*After sharing data to validate program requirements at the end of the growing season and repaying their Operating Line, participating farmers will receive an interest payment rebate check.

About FBN:

Farmers Business Network, Inc. (FBN®) is an independent AgTech platform and farmer-to-farmer network with a mission to power the prosperity of family farmers around the world while working towards a sustainable future. Its Farmers First® promise has attracted over 75,000 members to the network with a common goal of helping farmers maximize their farm’s profit potential with data and technology enabled direct-to farmer commerce, community and sustainability offerings.

FBN has set out to redefine value and convenience for farmers by helping reduce the cost of production and maximize the value of their crops. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the company has principal offices in San Carlos, California, and Chicago, Illinois, with significant warehouse and logistics, remote and field employees across the US and Canada. To learn more, visit: www.fbn.com.

Financing offered by FBN Finance, LLC and its lending partners. Available where FBN Finance, LLC is licensed. Terms and conditions apply. To qualify, a borrower must be a member of Farmer’s Business Network, Inc. and meet all underwriting requirements. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify. NMLS ID: 1631119.