Farmland resource and loan platform Tillable is partnering with Evergreen Bank to expand its digital lending program to offer operating loans and grow into Illinois, Minnesota, Wisconsin, Michigan, Nebraska, Missouri and Arkansas.
The company provides farmland mortgages, refinances, operating loans and rental financing. Tillable aims to make owning and renting America’s farmland simple and sustainable, according to a press release on Thursday (July 7).
See also: Want to Know Where All the Paper Checks Are? Try Farming
“Our financing application is digital with a human touch. Anyone can apply online or by mobile phone 24/7, complete an application in minutes, and choose from competitive rates,” said Corbett Kull, founder and CEO of Illinois-based Tillable.
“We have grown the Tillable platform to be the go-to destination for folks looking to research, buy, sell or rent farmland. With our latest loan expansion, we are becoming a one-stop-shop for growers and non-operating landowners,” Kull said.
Read more: Software Technology Firm Bushel Launches Farmer-Friendly Digital Payments
The company partnered with digitally-focused Evergreen Bank for the expansion, an Illinois-chartered commercial financial institution founded in 2007. The bank’s lending platform has expanded to all 50 states and Puerto Rico.
Darin Campbell, president and CEO of Evergreen Bank Group, said that the partnership with Tillable comes at a good time as the bank expands nationally and also into the farm lending space.
“Tillable fits perfectly with our strategic focus as we partner with premier financial technology companies to deliver best-in-class omnichannel online banking solutions,” Campbell said.
Related: Inflation Hasn’t Silenced Call of Open Road, RV Industry Says
Tillable offers farmers, landowners and investors an all-digital lending application that takes minutes to complete and requires no paperwork. Qualified borrowers have an answer about their loan within seconds.
With more than 2 million acres claimed on Tillable, the company uses public data to predict market trends, value farmland and make informed decisions regarding America’s farmland, according to the release.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More