- Arable Equipment and Machinery – Tractors, Tillers, Rollers, Ploughs and Harrows.
- Soil cultivation machinery – Cultivators and Ploughs.
- Planting machinery – Broadcast Seeder and Reapers.
- Balers & other Baling Equipment.
- Animal Feed – Loans to purchase feed for Cattle, Sheep, Poultry, Pigs and other Livestock.
- Cattle Equipment – Beef and Cattle Housing and Cow Feed.
- Loader Equipment – Trailers, Trucks, Conveyor Belts and Telehandlers.
- Fertilising equipment and spreaders – Manure spreaders, Muck spreaders and Silage.
- Harvesters and sorting equipment – Harvesters, Combine Harvesters.
- Dairy machinery – Milking equipment, Dairy feed, Dairy Cattle, Housing and Sheds.
- Grain and feed stores – Grain Sheds, Dryers, Bulk Sheds, Crop Store and Silos.
Richmond Asset Finances knowledge and understanding of the market has enabled us to help farmers with the ever changing challenges they face. This has enabled us to always offer the best deals that are around.
With all the experience we have you know you’re in safe hands. Whether that’s been for a new tractor, plough or baler or for grain dryers, silos or cow sheds Richmond Asset Finance knows exactly what farmers face and can help them with both the expected and unexpected costs.
Farmers have been getting squeezed over the years often experiencing lower margins on their produce.
Whereas, the cost of operating a farm requires cash injections for a variety of reasons, such as, allowing farmers to replace machinery, invest in new efficient energy power, build new stores, purchase cattle etc.
For most farmers, accessing finance through traditional lenders such as banks is becoming more difficult and time consuming.
Using a specialist agriculture finance broker such as Richmond Asset Finance, can offer farmers preferential rates and flexible arrangements – and often much quicker.
As farmers, your specialty more likely to be nurturing your animals, growing crops and harvesting to provide for the nation.
It’s unlikely to be in finance. We have answered some of the common questions we get asked:
There are a range of finance options available depending on what you need the finance for. It is best to speak to an experienced broker as they recommend an option which offers lower rates and lower repayments. Here are six to consider:
- Asset finance – hire purchase or leasing options
- Agricultural loans
- Refinancing to release equity tied up in your existing machinery
- Agricultural mortgages and bridging loans for farm and land purchases
- Diversification finance
- Renewable / green energy project finance
Commercial Bridging Loans for Farms from Richmond Asset Finance
As a lender that specialises in providing fast, non-status farm finance and farmland loans, including Commercial Bridging Loans, Richmond Asset Finance can help you develop your agricultural business.
Agricultural financing is available for the purchase of land, while dedicated farm development facilities are available to provide loans and finance for barn conversions, new build developments and refurbishment projects. Richmond Asset Finance can help with your Commercial Bridging Loans.
Short-term farm and land loans are available to farmers and landowners for any business purpose, provided that you have suitable property (buildings or land) to offer as security (1st or 2nd charge) and a credible plan to repay the loan.
Selling your home and buying a new property at the same time can be a little tricky.
It can sometimes take a while to sell your home, leaving you without the sales proceeds to buy your new property.
With a bridging loan, you can avoid the stress of matching up settlement dates, move quickly to buy your new home and give yourself more time to sell your existing property.
A stort-term bridging finance is also known as ‘relocation loan’.
Bridging loans explained: How does it work?
A bridging loan is basically finance that allows you to buy a new property without having to sell your existing property first.
Banks work out the size of the loan by adding the value of your new home to your existing mortgage then subtracting the likely sale price of your existing home.
What you’re left with is your “ongoing balance” or “end debt” which represents the principal of your bridging loan. Banks will assess your ability to make mortgage repayments on this end debt.
Lenders use both properties as security and you’ll have one loan (peak debt) to cover both the existing debt and the new purchase.
Between when your bridging loan is advanced until you sell your existing home, most lenders capitalise interest-only repayments on the peak debt which means that you’ll only have to worry about continuing to make principal and interest (P&I) on your current mortgage, rather than trying to manage repayments on two home loans.
After your property is sold, you simply continue to make normal home loan repayments, plus the compounded bridge loan interest, on the new loan.
Could upgrading from a truck-mounted excavator to a wheeled excavator make your business more efficient?
Wheeled excavators are easy and affordable to operate and transport from one area to another. They are ideal for use in a variety of fields including forestry, construction, farming, landscaping and demolition. Their mobility also makes them an attractive choice for small contractors.
The core functionality of a wheeled excavator is just the same as a truck-mounted excavator, but instead of being mounted onto a truck they move around independently on their own wheels.
Long-term cost savings – Whilst the initial outlay for a wheeled excavator tends to be a little higher than for a truck-mounted one, they offer more long-term savings as they don’t require additional vehicles or machinery to move them from one site to another. Fuel costs for transporting a wheeled excavator are usually lower than a truck-mounted excavator too.
Increased lift capacity – Wheeled excavators typically have a better lift capacity than truck-mounted excavators, particularly when using a two-piece articulated boom.
Movability – Rather than having to be transported by a large, lumbering truck, wheeled excavators can simply be driven across the site or on the road from one location to the next, usually by the same person who operates them. The small and nimble size of the wheeled excavator also makes it more agile and manoeuvrable when working on-site, allowing it to work efficiently in tight spaces.
Versatility – Wheeled excavators are available with a variety of different attachments, including the mono-boom, two-piece boom, dozer blade, rototilt, cleanout bucket, and outrigger. The huge variety of attachments available for wheeled excavators makes them extremely versatile and reduces the need to invest in multiple machines.If you require help or advice with financing an excavator, speak to our team here at Richmond Asset Finance. We provide a range of flexible vehicle finance and asset finance services to help you to grow your business. To discuss your requirements in more detail, give our team a call on 0113 288 3277.