AADA is now offering a new loan program for equipment sheds.
AADA is now offering a new loan program geared for the construction of equipment sheds. Given the cost of machinery, it just makes sense to get this equipment out of the weeds and put it under cover. Equipment life is enhanced, maintenance can be regularly accomplished, weather-related rust is minimized and repair costs shrink. Simply said, "building an equipment shed is cost effective."
Equipment shed loans can be tailored to support individual needs. Basic features include new construction, a 3.5 percent fixed rate, a 5-year amortization and loans up to a maximum of $35,000. Verifiable collateral and a credit check are required as part of the approval process.
AADA constantly strives to provide monies for projects that stimulate profitable production/marketing practices for Alabama farmers. Over the years, AADA has helped with chicken house construction, hay barn loans, commodity barn loans, cattle working facility loans, drip irrigation and cold storage loans for fruit and vegetable farmers, plus a few bridge-type operating loans. We’ve also done some environmental-type loans for a few hog producers. Now, we’re turning our attention to the machinery side of farming.