Tillable & Compeer Offer Fast Loan Applications For Mobile Devices
A company that helps farmers and landowners manage their land through technology is now speeding up the farm mortgage process. Tillable’s Corbett Kull tells Brownfield that his own experience with buying a farm made him consider digitizing the loan application process. “What I encountered was sort of a tedious process of filling out paperwork and then waiting a long time to see if I was approved for that farm loan or that farm mortgage.”
Kull says Compeer Financial has been a great partner for Tillable and has been forward in technology, so working together on a loan application that farmers can quickly complete on any mobile device makes sense. “You can apply for a farm loan through Tillable through this partnership with Compeer, complete the application online, submit it and get a very quick response or instant response to whether you’ve been approved for the loan. “
Kull says the online tool also gives the applicant interest rates, the amount of finance available, and options for the term of the mortgage.
Kull says Tillable’s mobile farm finance tool can come in handy when land becomes available and farmers don’t have much time to decide, like at an auction. For now, Kull says they are working exclusively with Compeer in Minnesota, Wisconsin and Illinois.
Farmers, homeowners, and investors can visit Tillable’s website to purchase a farm mortgage, refinance their current loans, or finance their rent with cash.