starting out need HELP
I am a young farmer trying to start out, but I can't get financial backing because I have no business records due to only having an LLC from the beginning of this year. Even though I purchased equipment with a cosigner (my dad) and have over $50,000 in collateral, banks won't help me out. I own a 30-acre farm and rent approximately another 40 acres where I intend to cash crop hay and grains. I am trying to branch out of working for my dad and starting up a business down the road. I also work full-time as a machinist and make $70,000 a year. Where do I go for help to get ag loans to buy equipment to start up faster?
If anyone knows of lenders or someone who can help a motivated young farmer start up, info would be greatly appreciated! If you even read this little rant, thanks for taking your time!
Schulz Farmz LLC.