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 After successfully re-organizing the debts for a few borrowers in 1987, FRCS incorporated in 1988. Our goal was to restructure a borrower's debts, assist them in creating "accurate" financial statements, help with receiving agricultural credit and farm finance, and develop "realistic" cash flows based on historical data. We would then "monitor" their spending and prepare monthly reports of "planned" versus "actual" income and expenses. We assist in agricultural credit and farm finance.
With letters of understanding with different lenders, we were able to "stay with" our clients. Each year we would update historical information and prepare financial statements and budgets for agricultural credit as well as farm finance.
As you can imagine, we inherited some of the toughest agricultural credit and farm finance Montana had to offer. We successfully turned those credits around. Soon the field of farm finance and agricultural credit grew. We started with a loan portfolio of "Zero", and now we service over $27,000,000 in loans. Furthermore, many are guaranteed by the United States Government.
The FSA guaranteed and interest-assistance programs have been an integral part of our success.
If a borrower was having problems meeting obligations, we would take the time to prepare "what if" scenarios when receiving farm finance or agricultural credit. Debt restructure has often been accompanied by a restructure in a borrower's operation (s).
We are a privately run family business that truly understands the "ups and downs" of agriculture in this day in age. We would love to help assist you with agricultural credit or farm finance. We never hesitate to go the extra mile for each of our clients. Our expertise in agricultural credit and farm finance as well as family values are a huge part in what sets us apart from the competition today!
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