Fast farm Loans available from Richmond Asset Finance.
We often speak to farms needing to replace equipment, develop property, or settle bills to continue their business activities. The challenge we often hear is how they can access the necessary finance. The banks usually ask for a multitude of information and many lenders do not appreciate the cyclical nature of farming businesses. This is where Richmond Asset Finance can help.
If you need access to immediate finance for your farm this is a fast and competitive option.
Why choose a fast farm loan from Richmond Asset Finance?
You’ve just paid your staff, you are still waiting for that major client to settle their account and a large bill has just arrived on your desk.
When a number of circumstances conspire at any one given time this can cause even the most stable of farms to encounter cashflow problems, not to mention worry for you as the business owner.
Unfortunately this is not uncommon, but help is at hand.
If your farm needs emergency finance our fast farm loans can help you pay unexpected bills, bridge a cashflow gap, and get your farm back on track.
Speak to Richmond Asset Finance today and we will be able to help you with your farm finance requirements.
Asset Finance focused on you from Richmond Asset Finance
We know how important it is for your business to have access to the right equipment and machinery. But we also know that it can be difficult to purchase these vital resources without making a significant dent in your working capital. Our Asset Finance department at Richmond Asset Finance can help you find the right solution for you and your business. We offer a comprehensive range of finance options, flexible repayment terms and competitive rates.
What is Asset Finance?
Asset Finance is a loan that you can take out to buy or hire assets that your business requires to succeed. This can cover a wide range of equipment, but in agriculture this is primarily machinery.
How will Asset Finance help my business?
Asset finance is an alternative way of purchasing equipment, rather than borrowing from your bank. You can start using the asset straight away without having to find a large lump sum to put down, and you can pay back the cost of the machine over a flexible repayment plan that suits your business cash flow. Put the machine to work straight away and it is starting to payback its cost.
There are a number of types of asset finance contracts some will suit your business more than others. These include:
Hire Purchase agreements involve you paying an initial deposit followed by fixed term instalments for the agreed term of the loan after which the asset becomes yours. Instalments are arranged to suit your cash flow, eg, monthly, quarterly or annually.
This is very similar to hire purchase but the VAT is paid on the instalments rather than in full up front. The customer does not automatically own the asset at the end of the agreement.