Commercial Funding is a type of finance solution which is catered towards commercial enterprises rather than individuals. It can also be referred to as ‘Business Finance’ or ‘Business Funding’.
If a business is looking to expand without heavily impacting on cash flow, commercial funding could be a viable option. At Richmond Asset Finance, we have built long-term relationships with several providers. As a result, we can offer tailored financial solutions that suit companies’ specific requirements.
Through experience, our expert team can simplify the funding process. We can provide a bespoke service for each business because we work closely with companies to understand their needs and circumstances. We put our clients’ needs first to provide the best advice and the right type of funding.
Types Of Commercial Funding
There are several different types of commercial funding, each one has its own specifications, so it’s important for companies to choose one which works best for them. Commercial loans are more suited to large organisations.
The different types of commercial funding vary significantly. They are mainly split by whether or not they require security or collateral.
When it comes to commercial funding, a commercial loan is usually the simplest solution for companies. It works like most loans with a company making regular repayments of an agreed amount for a specified period of time. Interest rates and additional fees will also be agreed on.
Commercial loans are broken down into Secure and Insecure:
- Usually cheaper as the lender is taking a lower risk
- Use company assets as security
- Generally more expensive
- Ideal for companies which don’t have assets to use as security.
Asset Finance Solutions with Richmond Asset Finance Yorkshire.
Acquire the plant and machinery that your business needs to grow, without paying large upfront costs that can significantly dent your cash flow.
Fixed Term Hire Agreement
Fixed payments over a fixed period of time, with the option to gain ownership of the equipment at the end of the agreement.
Minimum Term Hire Agreement
Fixed payments over a minimum term, giving you the option to continue leasing the equipment after the primary term of the agreement has been reached.
Lease the equipment without the hassle of ever owning it. The lender will consider its future value and take a residual risk in turn reducing the monthly payments. After the minimum term of the agreement is reached the lender will retain ownership of the equipment.
Sale & Lease Back
A quick way for your company to raise working capital against assets you already own. Transfer the ownership of your asset over to a lender, then make monthly repayments in order to keep using the equipment.
If you are interested in Machinery Finance and you are based in Yorkshire, Richmond Asset Finance are the lender for you.
Contact us today for more details.
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.
Richmond Asset Finance can finance any new or used piece of agricultural machinery and equipment with no age limitation, supplied by either a specialist agricultural dealer or bought privately through a fellow farmer or auction. Manufacturers subsidised finance is periodically available through Richmond Asset Finance.
Equipment we can finance include:
- Tractors & self propelled
- ATV & RTV
- Grassland machinery
- Cultivation machinery
- Drilling & planting machinery
- Harvest machinery
- Livestock handling systems
- Robotic milking systems
- Grading lines
- Farm security
- Food processing units
- Bottling plants
- Livestock feed systems
- Irrigation equipment
To find out if we can help finance your farm machinery in Yorkshire contact us today!
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
Richmond Asset Finance can offer finance for all types of new and used vehicles used around the farm. Everything from quad bikes to commercial vehicles and trailers.
There are a wide range of finance options available to you – hire purchase, operating or finance lease, and conditional sale to lease back agreements.
Speak to our UK specialists in vehicle finance today and we can advise on the best option for you.
- Quad Bike Finance
- 4×4 Pickups
- Cars & Vans
- Commercial Vehicles
We can also help source your new vehicle as a significant discount over your local dealer.
Agricultural Equipment Finance
When you want to use better equipment to maximise the investment in your farm, then Richmond Asset Finance will take the hassle out of arranging finance to allow you to purchase agricultural equipment.
Investing in new equipment will improve your productivity and profits and make your life a bit easier.
We have access to over 150 lenders so we secure you the best deal on equipment finance we can. Here a few examples of equipment we can help with:
- Irrigation Equipment
- Livestock Handling Systems
- Robotic Milking Systems
- Food Processing Units
- Feeding Systems
- Water Tanks
- Bottling Plants
Richmond Asset Finance are one of the UK’s leading brokers of farm finance for farmers in the north west including Yorkshire and Manchester.
We know that running a farm and looking at ways to minimise costs and increase your profits is not an easy task.
That is why UK farmers trust us to get them the best finance deal we can. Many farmers who we help have become repeat customers and friends.
They rely on us to arrange finance or loans for a range of agricultural assets – everything from chicken pullets, tractor finance to agricultural mortgages.
We can source great deals on almost every type of farm finance.
Farm Machinery Finance
Finance can be arranged for new or second hand farm machinery with no age limit*.
Whether you are looking to use hire purchase, lease or lease back agreements, we can advise you on the best options to secure the machinery you want.
Finance for machinery includes, but not limited to:
- Combine Harvesters
- Drilling & Planting Machinery
- Cultivation Machinery
- Grass Land Machinery