While asset-based lending (ABL) has been available to many industries for decades, it is relatively new to the agricultural space. Ag Resource Management (ARM) is an asset-based lender that provides operating capital specifically for the purpose of growing crops. Their mission is to bring "Wall Street" financial solutions to rural America.
Having added eight new location in the past three months, ARM now has 33 locations nationwide with offices located in 18 states. ARM focuses on the American farmer's need for fast, creative financial solutions.
When asked about the incredible growth of ARM, Brad Terral, company Executive Chairman responded, "It's really simple to us; we believe that there are many farmers and their families that are fulfilling their purpose serving in places all over rural America. The past five years have been particularly tough for many ag producers. We feel it is our purpose to bring the type of financial solutions available elsewhere to farmers where it makes sense."
According to Billy Moore, ARM's COO, "We believe that one of the most important advocates a farmer can have on his team is a lender that provides immediate funding, so the farmer can produce a timely, well managed crop. ARM prides itself on working closely with our borrowers, traditional banks, distributors and third-party credit providers in order to facilitate a well-designed, holistic approach to a farmer's financing."
For more information about Ag Resource Management please visit www.armlend.com.