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Growers Edge and Valley Ag Collaborate on In-House Financing Program
Nampa, Idaho and Johnston, Iowa– September 1, 2022 –– Valley Agronomics, LLC (Valley Ag) is pleased to announce its collaboration with Growers Edge, a provider of data-driven financial technology (fintech) solutions for the agricultural industry, to deliver a fully digital, in-house lending platform to their customers. The platform will be hosted on Valley Ag’s Grower Portal, an app-based customer service platform created and supported by AgVend, and will deliver fast, efficient and secure in-house financing options to Valley Ag’s customers.
“We are excited to partner with Growers Edge and AgVend to deliver Valley Ag Platinum Financing to our customers through our Grower Portal,” said Richard Lloyd, Valley Ag General Manager. “Our team focuses on bringing innovative products and solutions to our farmer members. The Platinum Financing program is part of a wider effort to support our farmers in whatever way they want to work with us – digitally or in person.”
Platinum Financing brings in-house financing to Valley Ag’s customers using Growers Edge technology and data analytics to power a custom-branded input financing program. The Platinum Financing offer features:
- Growers Edge’s Digital Application and Loan Management Platform is accessible via the Valley Ag Grower Portal. This platform will make it simple for farmers to apply for, manage and pay off their loans, making it easier to access credit and expand their operations.
- Growers Edge’s Underwriting Scorecard uses a proprietary blend of traditional lending analysis factors combined with credit and relevant risk factors and specialized short-term financing that provides a near-instant and accurate assessment of a grower’s financial strength so Valley Ag can be confident in the customer’s ability for repayment.
- Growers Edge Portfolio Management System will help Valley Ag efficiently manage their loan portfolio in real-time while keeping customer loan information safe and accessible.
“Growers Edge takes great pride in collaborating with an innovative organization like Valley Ag,” said Hollie Bunn, Chief Lending Officer at Growers Edge. “We know in today’s fast-paced environment retailers are hungry for programs and services that build their relationship with their customers and empower their customers and company to adapt and thrive.”
Platinum Financing will be available directly from the Valley Ag Grower Portal, powered by AgVend. Currently, in the portal, Valley Ag customers can pay their invoices, view statements, review purchase history, receive quotes, and browse products. The addition of Platinum Financing to the portal will give growers the option to apply for financing and manage their loan, in a familiar, easy-to-use format, 24.7. This collaboration with Growers Edge and AgVend is another step in an effort to enhance farmers’ digital experience with Valley Ag.
Valley Ag will roll out Platinum Financing to their customers starting October 2022.
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