For Your Agricultural Needs
Farming is vital for both our economy and our survival. We understand that this is an incredibly challenging industry and we are here to help our farmers thrive.
The advancements in technology have accelerated rapidly in recent years and this goes for agricultural machinery too. The modern machinery and technology available to farmers has turned farms into larger, more efficient businesses that can cope with an ever-growing population.
As great as this new technology is, we understand that the cost of buying and running it is much more substantial than financing the tools of the past. Raising capital to obtain these assets can be difficult, time consuming and most likely frustrating when you're trying to concentrate on your own business.
This is where we come in; with our extensive knowledge of funding solutions, we can search the market for the most competitive rates and liaise with the supplying dealer to ensure the process is as seamless as possible for you.
We can tailor a finance package to suit you and your business; spreading the cost of your machinery, vehicles, technology and equipment. This can be done through Hire Purchase, Lease or a Refinance Package.
Have you ever considered the extra opportunities that your farmland can bring? Investing in renewable energy may be a fantastic option for you. Not only will this reduce running costs on your farm, there is also the potential to earn money from Wind Turbines, Solar Panels and Biomass due to the government running various schemes and incentives.
Whether it be a combine harvester, a wind turbine or dairy equipment; we are open to looking at funding any asset you may need to help your business succeed.
Get in touch today to discover what funding is available to you!
Milking Parlour Equipment
Silage/ Forage Equipment
Slurry/ Manure Equipment
Forestry - Mulchers
Please note that whilst this list is extensive it is not exhaustive. Please contact us with any Asset queries you may have.
Finance products for renewable energy
HP is a secured loan on your asset. It allows you to acquire the asset immediately with a small deposit. You pay monthly instalments over the agreed term which spreads the cost of your investment. At the end of the term you can pay a nominal 'option to purchase' fee and you will own the asset outright.
HP helps keep capital in your business making it easier to budget. It is a popular finance product for businesses looking to purchase any type of asset.
Refinancing the current assets on your balance sheet is a great way to get a cash injection in to your business. We buy the asset from you; and you buy it back from us on a Hire Purchase agreement over an agreed term.
Improved cash flow and available funds can be used to acquire additional assets, or put it to use in any part of your business you choose. At the end of the refinance term you will once again own the asset.
A finance lease can be set up as a full pay out agreement or with a balloon payment on the end. This allows you to acquire the asset without having to buy it outright. You choose what deposit you'd like to pay and the length of term. Rentals are paid each month and at the end of the contract you can return the asset to the funder, sell and keep a portion of the income or continue using the asset in a secondary rental period.
This flexible finance agreement provides a low initial outlay, VAT can be reclaimed on rentals and the cost can be offset against pre-tax profits.
An Operating Lease or Contract Hire as it's also known, allows you to rent the asset over an agreed term. A residual value (rv) is set by the funder based on the value of the asset at the end of the term.
Payments will be lower than that of an HP as you are only funding the depreciation of the asset during the time you have it, not the full cost of the asset as you would do if financing to own. At the end of the term you hand the asset back and walk away meaning you have less hassle trying to sell or negotiate a trade-in.