HDRider":3oexte84 said:By NGO, do you mean non governmental organizations like PETA?
FiveOaksFarmGA":2f8utp84 said:I looked into one of those USDA microloans once for an equipment purchase. They wanted more info than the banks, interest rate was higher, and processing time was in excess of 100 days. Highly ineffective for business purposes, so used NGO (John Deere Financial) to pay for the purchase with 0% interest. Have heard of others that have had good use of USDA loans, but not beneficial in my experience. Rarely does government solve a problem.
Banjo":2np5qyk2 said:FiveOaksFarmGA":2np5qyk2 said:I looked into one of those USDA microloans once for an equipment purchase. They wanted more info than the banks, interest rate was higher, and processing time was in excess of 100 days. Highly ineffective for business purposes, so used NGO (John Deere Financial) to pay for the purchase with 0% interest. Have heard of others that have had good use of USDA loans, but not beneficial in my experience. Rarely does government solve a problem.
The best equipment loan source I've found is Farm Credits Ag Direct program....most bigger dealers are set up with them. Almost too easy. Couple of days and your in business. You do need 20% down however.
FiveOaksFarmGA":1ix7t29m said:Banjo":1ix7t29m said:FiveOaksFarmGA":1ix7t29m said:I looked into one of those USDA microloans once for an equipment purchase. They wanted more info than the banks, interest rate was higher, and processing time was in excess of 100 days. Highly ineffective for business purposes, so used NGO (John Deere Financial) to pay for the purchase with 0% interest. Have heard of others that have had good use of USDA loans, but not beneficial in my experience. Rarely does government solve a problem.
The best equipment loan source I've found is Farm Credits Ag Direct program....most bigger dealers are set up with them. Almost too easy. Couple of days and your in business. You do need 20% down however.
Yeah I looked at our local Ag Credit sources, and they all wanted huge down payments and process similar to a mortgage or business loan. John Deere gave me $0 down, 0% for 60 months (could have went 72) and nearly instant approval with just a car loan type of application.
Banjo":1ybz4w5x said:FiveOaksFarmGA":1ybz4w5x said:Banjo":1ybz4w5x said:The best equipment loan source I've found is Farm Credits Ag Direct program....most bigger dealers are set up with them. Almost too easy. Couple of days and your in business. You do need 20% down however.
Yeah I looked at our local Ag Credit sources, and they all wanted huge down payments and process similar to a mortgage or business loan. John Deere gave me $0 down, 0% for 60 months (could have went 72) and nearly instant approval with just a car loan type of application.
Did you have to buy JD equipment or do they finance anything?
Jogeephus":9hjjbmil said:I've only had experience with two NGO's.
I was a founding member of an NGO whose intent was to do research and offer extension-like information to others. In the beginning the members were down to earth, like-minded and practical till the group hired what turned out to be an academician treehugger and the group transformed itself into a political government money grovelling outfit that only serves itself and not the purpose which it was founded.
The second NGO I'm familiar with was a group my son's classmate joined. He is a card-carrying man-bun wearing die-hard liberal. A social justice crusader of the highest order. I've never met anyone like him before and to be honest - he intrigued me greatly because I never knew anyone who could be so retarded and not be in a padded cell. The group he joined purpose was to help the starving children in India by teaching them how to grow organic vegetables. After arriving in India he soon realized he could rent a house on the beach and have a maid and a cook come in every day and a yoga master come twice a week and this would cost him next to nothing. So he and his girlfriend spent less than six thousand dollars on a year long vacation and become yoga masters while exploiting the very people they had vowed to help. Like I say, I find this type self serving hypocrisy intriguing because I just don't know how one could sleep at night yet to listen to their hubris you would think they invented water. Update: He is now living in his mother's house but he did make it to Atlanta a few months ago to protest Trump. I guess he couldn't resist a paycheck from Soros.