Tillable, Compeer Financial partner to deliver digital finance for farmland
By partnering with Compeer Financial to create an online app, Tillable, Inc. enables farmers, landowners and investors to buy or refinance farmland from a smartphone. It takes less than 10 minutes to complete the digital loan 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 fundraising 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 the competitive rates offered by Compeer. And we have customer service specialists who can help you every step of the way. We know that quality farmland sells quickly and we are ready to act as quickly as possible to help farmers grow their businesses.
Compeer Financial will underwrite and service all loans issued through the partnership. In the short term, companies hope to digitize the entire farm loan closing process.
“Compeer is excited to partner with Tillable to reinvent the way farmers can apply for home loans,” says Kelly Miller, director of AgTech financing at Compeer. “Segments of our farmer customers are looking for a digital lending process, so partnering with Tillable allows us to deliver this fast and easy digital experience using their technology. ”
Tillable also recently entered the real estate brokerage market. Tillable users can buy or sell farmland through the website. Learn more by visiting Tillable.com.