In the Spotlight – Peanut Producer
Florida peanut farmer feeling the pressure in labor shortages after several consecutive years and volatile markets. See how they were able to automate a portion of their process with a complete lending package to improve operational liquidity without large cash outlay.
Securing the operation from rising labor costs and shortages by investing in automation with a complete lending package.
At Northland Capital, we provide solutions and are committed to supporting businesses and organizations of any size. Going the extra mile to support long-term success and thriving relationships.
EQUIPMENT NEED. A key investment for a Florida peanut farmer was to avoid labor shortages and find savings by updating equipment to an automated sorting system including shakers and size graders with a complete package offer at $402,750 including freight costs.
THE SOLUTION. As a nonbank lending option, Northland Capital provided a more flexible solution. The complete package included the 50% order deposit to the equipment manufacturer. Allowing the preservation of the customer’s working capital and commencing a 60 month lease contract four months later at delivery.
THE SAVINGS. The labor savings more than off-set their monthly payment, giving the farmer immediate positive cash flow return on the equipment acquisition.
This winning financial package is a small agribusiness “you’re worth more” success story.View All News & Views