Return
to TFB Main Page
Return
to Current Edition
Texas
Agriculture Archive
December 6, 2002
Farm Bureau Bank now offers new business line of credit
Farm Bureau Bank is constantly searching for ways that they can effectively provide quality services to Farm Bureau members.
Since its inception, Farm Bureau Bank has primarily focused on the retail needs of the members. Now it is looking for ways to expand to meet the commercial needs of Farm Bureau members. In May of 2002, Farm Bureau Bank introduced the Business Line of Credit. This product, which was designed specifically with Farm Bureau members in mind, provides financial resources for small businesses.
When the product was first explored, Farm Bureau Bank discovered that no other bank was offering anything as beneficial to small businesses.
Most of the business lines of credit in the market provided more hassle than help. It was time to step up to the plate and present a practical and useful solution to help member businesses grow.
The Farm Bureau Business Line of Credit offers the small business a hassle-free line of credit up to $50,000 that will be readily accessible through multiple channels. The application and approval process is quick and easy. No collateral is required.
This low-rate business loan is easily accessible to give businesses convenient access to funds when they need it. And because interest is only accrued when the line of credit has been accessed, it is manageable for small business owners who cannot afford high monthly interest rates.
"We recognized this as a need for small businesses and we're seizing the opportunity to provide our target audience with an ideal solution. We hope that our members will take advantage of what we're offering to cultivate growth for their business," said Ronnie Anderson, Farm Bureau Bank chairman of FB Bancorp and president of Louisiana Farm Bureau.
Right now, qualified Farm Bureau members can get a Business Line of Credit for as low as 4.25 percent APR. For more information about the Farm Bureau Bank Business Line of Credit, visit www.farmbureaubank.com, or call 1-800-492-FARM (3276).
