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Agricultural Loans

Agricultural Loans

What is an Agricultural Loan?

Loans can be arranged for a range of purposes as a way to raise short or medium term finance for items that are not associated with Hire Purchase or Lease Purchase, for example, fertiliser and inputs, livestock, concrete, seed potatoes, agricultural buildings and diversification projects.

Yard

Why Choose an Agricultural Loan?

  • Funds are usually transferred directly to the customer. Fertiliser/input loans are generally paid to the approved supplier.
  • Loans are used for non-moveable assets such as buildings or concrete for yards. The exception to this is dairy cows and also beef fatteners (where they do have an identification number, but are usually financed on a loan agreement).
  • Evidence is required to support the loan (i.e. a quotation for the goods).
  • Depending on the strength of your existing business, we may need a set of accounts and/or a business plan.
  • Your accountant will be able to provide more information. This information is provided for guidance only.

Contact Us

Contact an expert in your area to discuss whether a Loan is the best option for your business.

Locate your local expert on our Contact Us page.

Alternative Funding Options

Finance Lease

Finance leasing is similar to hire purchase, whereby you pay for the goods in instalments and is generally considered to be capital leases for accounts purposes.

Hire Purchase

Hire Purchase, arranged by Business Finance Brokers Ltd, allows you to use goods immediately, but pay in instalments. At the end of the hire term, you will pay An Option to Purchase Fee to transfer title of the goods to you.

Contract Hire

Contract Hire allows you to hire goods over a fixed period, before returning goods to the supplier at the end of the term. Business Finance Brokers Ltd can secure the best business contract hire rates.

Business Finance Brokers Ltd is authorised and regulated by the Financial Conduct Authority, FRN: 675825. All finance is subject to status and income. Written quotation on request. We act as a credit broker and not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase.  We are only able to offer finance products from these providers.

It is our intention to provide a high level of service at all times. However, if you have reason to make a complaint about our service you should contact Business Finance Brokers Ltd at The Gables, Watling Street, Burbage, Hinckley, Leicestershire, LE10 3JA.  If we are unable to resolve your complaint satisfactorily, you may be entitled to refer the matter to the Financial Ombudsman Service (FOS).  Further information is available by calling the FOS on 0845 080 1800 or at http://www.financial-ombudsman.org.uk

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