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Banking Question
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ND Farm
Posted 9/20/2016 10:42 (#5539327 - in reply to #5539222)
Subject: RE: Banking Question


North Dakota
I meant a blanket lien on machinery may be simpler for you than if the bank has a crop lien and their names on your checks when you sell grain. Most lenders are fairly workable with a machinery lien as far as selling iron goes. I would ask questions why this is suddenly a requirement for sure. I'm a lender and it is best to be up front with your customers, nobody likes surprises.
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