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PACTOLA partners with Conterra Asset Management

RAPID CITY, SD (February 19, 2016) — Pactola, the d/b/a entity of Midwest Business Solutions, announces a partnership it has formed with Conterra Asset Management. Conterra is one of the three master central servicers for Farmer Mac. They also manage over $2 billion of USDA guaranteed loans. Conterra also has an agricultural appraisal company called Contour Valuation Services, which has a network throughout 15 states to provide farm, ranch and agricultural facility appraisals.

“The partnership with Conterra offers us several new and exciting products for our agricultural lenders” states Phil Love, Pactola’s President. “Conterra has several alternative lending programs that can provide transitional financing, debt restructures, and bridge loans for special circumstances. These programs may allow a credit union to move some farm loans that show stress but have ample equity off their balance sheet. Conterra also has a program that allows for expanded eligibility over Farmer Mac standards. This will allow us to provide additional agriculture financing options for the credit unions we work with.”

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About PACTOLA

PACTOLA is a Credit Union Service Organization (CUSO) that was founded as Midwest Business Solutions, LLC (MWBS) in 2009.  Our goal is to help your institution increase your profitability with well managed loan assets.  We also provide essential support for your business lending section with back office credit administration support and education.  We are ready and able to work with Credit Unions and borrowers across the United States.  Visit the website at www.pactola.com

Contacts

Phil Love
President/CEO PACTOLA
605.223.5154

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