By partnering with Compeer Financial to create an online application, Tillable, Inc. is enabling farmers, landowners, and investors to purchase or refinance farmland from a smartphone. It takes less than 10 minutes to complete the digital lending application, and qualified buyers will know, within seconds of completion, if they are approved for a loan. Currently, the service is available in select counties in Illinois, Minnesota, and Wisconsin.
“Our new financing program is digital with a human touch,” says Corbett Kull, founder and CEO of Illinois-based Tillable. “Anyone can apply online or by mobile phone 24/7, complete an application in minutes and choose from competitive rates offered by Compeer. And we have customer service specialists who can help at every step along the way. We know quality farmland sells fast, and we’re ready to move as quickly as possible to help farmers grow their businesses.”
Compeer Financial will underwrite and service all loans originated through the partnership. In the near-term, the companies hope to digitize the entire closing process for farm loans.
“Compeer is excited to partner with Tillable to reimagine the way farmers are able to apply for real estate loans,” explains Kelly Miller, Compeer’s Director of AgTech Financing. “Segments of our farmer-clients are looking for a digital loan process so partnering with Tillable allows us to offer that easy, fast digital experience through their technology.”
Tillable also recently entering the real estate brokerage market. Tillable users can buy or sell farmland through the website. Learn more by visiting Tillable.com.