Posted 1/17/2019 07:19 (#7250760 - in reply to #7250464) Subject: RE: How much working capital per acre does your lender want?
Your last sentence hit the nail on the head. There are far too many young lenders out there who are from the school of credit scores and certain ratios and can’t seem to use their brains to read a balance sheet. I had a friend one time who was turned down for a home improvement loan because he was debt free. This was an Ag lender too. Guy told him he didn’t have a high enough credit score. He had a lot of equity in a house and 40 acres but all lender could see was an arbitrary credit score. Told my friend his lender was an idiot.