At ABC Finance Ltd we understand the importance of the UK farming industry, and the tight margins that have made business so difficult in recent years. Access to suitable funding can make running a farm profitably even more challenging.
As technology continues to advance, raising potential savings for the farming industry, the need to sensibly invest in your farm is greater than ever. Agricultural asset finance is an excellent tool for farm owners, as it allows you to acquire new equipment and machinery, without the need to pay out a large cash lump sum.
We can provide the funding needed to drive your business forward. We work with lenders across the asset finance market to secure you the best possible funding. Our solutions are designed to work around your cash flow needs and can be structured in cost effective and tax efficient ways.
Read on below to find out more or fill in the form to talk to an expert.
Equipment That We Can Fund
We will consider any equipment, including:
- Biomass boilers
- Combine harvesters
- Farm vehicles
- Firewood machinery
- Forestry machinery
- Milking machines
- Recycling and plant equipment
- Renewable energy and solar
As we work with lenders across the whole market, searching for the best terms on your behalf, we can pass on industry-leading rates to you. Funding can be considered for almost any equipment, new purchases and refinancing.
If you’re not sure which product will be best for your business, we can work with you to understand your business, and structure the best funding package.
We offer funding from £10,000 – with no maximum loan size. Our market leading rates start at 3% per annum and facilities can be arranged for a maximum of 10 years.
Will I Be Eligible?
We can fund agricultural asset finance for almost any situation. Where you have suffered adverse credit or difficult trading performance, we may still be able to help.
As long as you’re looking to use the asset for UK business purposes, you have a good chance of qualifying.
Almost any ownership structure can be accepted including:-
- Sole traders
- Limited companies
What Are the Alternatives To Asset Finance?
Asset finance is not always the most suitable option, depending on what you’re trying to fund. We are a true commercial finance brokerage and can advise on a wide range of products.
Where your asset is not considered suitable, you may want to consider business loans as an alternative. We can offer both secured and unsecured business loans.
When looking to take out a business loan, it may prove to be more difficult if you have suffered previous credit problems.
How Does the Process Work?
Initially, we take down the details of what you’re looking to do over an initial consultation over the phone. Once this call has taken place, we will discuss your application with lenders to secure the best terms for you.
We will then explain the best product to you and send you a copy of the proposal over the phone.
We then handle all the forms for you and get your application submitted to the lender for formal assessment.
Assuming the application is successful, the asset will then be purchased and delivered to you.
What Information Will I Need to Provide?
In order to assess your application we will generally need the following information:-
- Details of the asset
- The make & model name
- If the asset is not new, we will need the year of manufacture and mileage/usage
- Details of the amount needed to purchase
- Details about you and your business
- Accounts for your business
Can You Combine Asset Finance with Other Types of Funding?
Yes, where you need a complete financial solution for your business, asset finance can be combined with other types of borrowing.
We often advise people on asset finance only to discover that we can save them money on other financial products such as commercial mortgages, business loans and insurances.
Of course, we handle the whole process for you to make life as easy as possible for you.