Excellent customer service at Grow West extends to financing solutions. Our team understands the importance of reliable financing for business efficiency and to sustain or grow your operation. To help our customers navigate financial challenges and increase purchasing power, we offer a financing program with two options – AgSource Finance™ and John Deere Financial – designed to meet the varied needs of farmers and agricultural businesses.

“Changes in crop input costs, fluctuating crop cycles and continued delays in crop payments can have a significant impact on a grower’s cash flow,” Grow West Director of Financial Services Jessica English said. “We want to provide an added value resource to help our customers during these cash flow fluctuations. By offering two financing options, customers are given extended terms and the time to collect crop payments.”

English said that over the past 20-plus years, the financing program has become an important part of Grow West’s vertically integrated service areas by enabling greater access to resources for customers. The program benefits Grow West’s service areas in these key ways:

Facilitating Growth: By offering essential financial support, Grow West enables businesses to expand their operations, increase production capacity and enhance their product offerings.

Risk Mitigation: It allows for the management of financial risks, ensuring that our customers have the necessary liquidity to handle fluctuations in the market or unforeseen challenges.

Enhanced Relationships: Offering financing helps to solidify strong, trust-based relationships between Grow West and its customers, as it adds value to the services Grow West provides beyond the physical products and services.

ABOUT

AgSource Finance focuses on crop terms. It provides an unsecured crop year term loan with a definite date of maturity. There are no prepayment charges, so customers can make payments during the term of the loan to keep their interest expenses down.

WHO IS ELIGIBLE?

Customers who have been with Grow West for at least two years and have maintained good standing with their accounts from the previous crop year.

WHO IS THE PROGRAM SUITED FOR?

Customers seeking a term loan with a maturity date and extended payment terms. It is beneficial for growers who need crop financing with a repayment term of at least 90 days.

KEY FEATURES

• Annual Crop Year Loan: Provides loans specifically for annual crop year needs. The loans can be used to cover expenses related to the current crop cycle.

• Loan Amounts: The loan amounts range from a minimum of $10,000 up to $1 million, providing ample support for various farm sizes and financial requirements.

• Extended Terms and Low-Interest Rates: AgSource Finance offers extended payment terms with a low interest rate based on the prime rate, making it a cost-effective financing option for customers with large financial needs.

• Loan Maturity: The loan is structured with a definite maturity date; once the full loan amount is used, no additional credit will be available unless the loan is paid off in full. This structure is ideal for customers who need a clear repayment timeline.

HOW TO APPLY

• Request an application from Jessica English. Once completed, send to her via email, fax or mail. She will then follow up to discuss further.

• The loan is based on the customer credit score. The application is screened before submission. Once the application is received, the turnaround is typically very quick.

ABOUT

While AgSource Finance and JDF are excellent financing options, JDF stands out with its flexibility, revolving credit lines and availability to new and existing customers. The unsecured nature of these loans is another key factor.

WHO IS ELIGIBLE?

Customers who have been with Grow West for less than two years and new customers.

KEY FEATURES

• Revolving Lines of Credit: This option allows customers to access credit as needed, offering more flexibility in managing cash flow throughout the year.

• Unsecured Loans: JDF offers unsecured loans, meaning no collateral is required, which can be advantageous for customers who may not have significant assets to pledge.

• Loan Amounts and Terms: JDF loans can vary in terms of loan amounts and repayment schedules, but they are particularly useful for those seeking short-term financing with manageable repayment terms.

HOW TO APPLY

Request an application from Jessica.

CONTACT

Jessica English, Director of Financial Services

credit@growwest.com

Office: 530-207-5520 / Fax: 888-590-7698