How To Get a Loan for Your Horse Business or Farm
From securing the best revolving credit options to financing a truck and trailer and from buying a farm to funding an equine syndicate, the key to success is knowledge and preparation.
You need to know what's available so you can choose the best funding options for your horse business. Lenders and investors want to see organized financials, clear plans, and realistic repayment strategies before they say yes.
This department provides tools and guidance to help you use credit wisely, understand different types of loans and funding sources. Then successfully prepare to secure the best type of funding for your horse business.
Members can log in now to access the full resources. Non-members are invited to join for complete access. If you'd like extra support tailored to your business, you can also schedule a private consulting session.
As we continue into 2025, interest rates continue to be problematic even though economic growth is slowing there is still uncertainty about when (and if) the Fed will cut rates. Although, the hope is that this will happen later this year. With this optimism may come thoughts of possibly building that indoor arena, or purchasing a new piece of equipment, or getting a new horse. Since most of us aren't swimming in cash right now, the next step is to decide on a business loan and what steps need to be done to secure that loan. The first step in securing any kind of loan is to get your financial house in order....More
Pretty much every horse business owner has credit cards. You might use them to reserve stalls and hotel rooms for horse shows, to pay the feed bill, the veterinarian or any number of products and services we use for our businesses. Mostly, credit cards make our businesses easier to run. Sometimes, they even help us to continue to operate smoothly during short periods of insufficient cash flow. However, there are a couple caveats. Pay your statement in full each month and don't get stuck on the minimum payment. Credit card savvy folks know it's best to pay the statement balance in full each month (in order to avoid paying interest -- plus, your available credit effects your credit score.) But few of us really know just how much it costs us, if we end up just paying the minimum payment. So, let's find out!...More
This members only webinar will focus on how to write and use a business plan for your horse business. And, while it will be geared towards stable owners, all horse business owners i.e. instructors, breeders, trainers and professional riders will benefit from learning this step-by-step, time saving approach to writing a business plan. It doesn't matter if you have been in the horse business for years and have never gotten around to writing your business plan, or your plan is in need of an update, or you are starting a new business - the skills you will learn at this members only class will help you improve your business now and for many years to come!...More
Secured loans, unsecured loans, revolving loans, short-term loans, long-term loans - and the list goes on and on. Sometimes it's enough to make your head spin! Instead of trying to fit within the definition of these terms, you should concentrate on identifying what parameters you need for your business loan, and then finding the loan that fits the criteria you have identified....More
One of the considerations to think about when going for a loan is the status of your credit rating. A little known fact is that there is more than one credit-scoring formula....More
