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Loan refinance in a FINPACK Projection

Refinancing loans is a frequent option to help business owners in need when profits are down, and cash flows are tight. Following the correct loan steps in a FINPACK Projection ensures the Term Debt Coverage Ratio and other repayment capacity measures are correct...

Changing interest rates in FINPACK Projections

Interest rates charged on loans can change during the year for any number of reasons; the rate is variable, the rate was renegotiated at renewal, or the customer’s risk profile changed to name a few. Because of this, interest rate changes on operating or term loans...

2019 FINBIN Report on MN Farm Finances

In our previous post, we discussed some of the financial highlights for Minnesota farms in 2019.  In this post, we want to highlight our more detailed report. The 2019 FINBIN Report on MN Farm Finances graphically shows how Minnesota farms performed in...