Business Network Meeting & Lunch
11:00 am - 2:00 pm
Pleasant Prospect Farm
Brookeville, MD 20833
Required by Thursday, April 17th, 2014
(maximum 2 per
business, farm, or charity & foundation)
To Get A Loan For Your Equine-Related Business
Keith WIlls, Commercial Loan Officer, Farm Credit;
Patrick Shurney, Senior Vice President, Sandy Spring
Hayward, AXA Advisors
Looking to grow or
launch a business? Do you need to expand or upgrade your
facilities? Buy new facilities or invest in equipment or
vehicles? Or maybe you just need a line of credit until
cash flow improves, or a bridge loan? Regardless
of the type of loan or type of business, there are some
specific actions that can help you qualify for getting
the financing you need. Plus, with interest rates
low but forecasted to climb, NOW may be the most
economical time to get that loan. Horse businesses
don't always fit neatly into the standard business
molds. This session will help you determine what kind of
loan you might need, where you might go to get it, and
what you need to do to get your fiscal house (or barn)
in order so that you can qualify. Discussion points will
are some of the differences when applying for a
business loan vs. a real estate loan?
is a debt-to-income ration, how do I determine mine,
and what do most banks require?
does my credit score affect my ability to get a
can I convince my bank that my horse business is a
income documentation will the bank look for?
I build business credit instead of using my personal
are the pros/cons of interest only, variable rate
and fixed rate loans?
owning property vs. leasing property affect my tax
will I need to get a business loan? Is it worth
going through the SBA?
are some things I can do to prepare so that I am
successful getting a loan?
is a 1031 Exchange and why does it matter?