Business
Has anybody done an FBN Finance operating loan?
If so is there any difference compared to traditional bank operating loans or information you have to provide?
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Hi Everyone, I’m Dan English, the General Manager of FBN Finance. Many of FBN Finance’s customers receive the lowest rates advertised. Very...
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You got my feedback😡
I had that thought too that they would not work with you or understand like a traditional local bank might
They are a joke in my opinion. I have sucessfully farmed 50 seasons. I was in a large land partnership which I now completely own. My Mothe...
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This is the first year I got an FBN operating loan. I am using this as well as the traditional bank loan. The process was fairly simple. ...
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That is good to hear. I know someone I talked to said they over coloratorlize
I agree they could do better on communicating and I didn’t get the advertised interest rate but it was close to it and I have over 800 credi...
MoreThey don't communicate very well. Otherwise no issues
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We've also got a few credit lines through fertilizer and chemical dealers. But otherwise yes this will be the only operating loan
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Process was easier than local farm credit. Local farm credit requires copies of our tax returns for the current year, so it's always a rush ...
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Will this be your only operating loan?
Can’t speak to the operating loan but did a land loan with them. Process was very similar to going through any other bank that we’ve used. I...
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Fbn do you have a reply to this comment? Is that true no one gets the interest rate you advertise?
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Rates float. And don't lock until right close to closing. When our loan originator hit the enter key to lock it we got a 3.54% instead of ...
MoreYes, we did a loan last week.
The advertised interest rates are generally not available. The process took 5 weeks and it was poorly setup....
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FBN finance is a joke. Finally admitted no one gets that interest rate they advertise
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We have now closed on two Land refi's and a operating loan for the 2022 year all at the advertised rates. The hoops to jump through for the ...
MoreWe got the advertised rate on a land loan last year…
Very fast and simple process getting the loan
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Did you have to provide any documents or information that was different from traditional loans.