Tag: Farm Loans (page 1 of 2)

Fast Farm Loans

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.

Farm Finance Near Me

Richmond Asset Finance are one of the most reputable sources of agricultural and farm finance in the North West. We are experts in farm finance and all agricultural funding.

Richmond Asset Finance is an all embracing term we use to describe all types of farm and agricultural finance we offer to the rural and country business sectors and which can also be described as Agricultural Finance, Equestrian Finance, Farm Finance, Land Finance and Horticultural Finance. Finance can be provided for holiday complexes, caravan parks, caravan sites, properties with agricultural restrictions, land, buildings, working farms, non-working farms, nurseries, garden centres, smallholdings, estates, fisheries, farm shops and generally all types of rural type situations.

What is the purpose of farm finance?

Any legal purposes including but not being limited to repaying debt, repayment of an overdraft, diversification, working capital, business start ups, reducing outgoings, purchases of any kind and development of property or development of business.

Richmond Asset Finance completely understand farm finance, rural & agricultural funding. You can be assured of a personal and expert service at all times. Every case is handled personally by one of the partners. One of our main aims is to reassure you that you never become a just a ‘number’. It also helps that we have a lengthy and healthy relationships with our lenders.

Richmond Asset Finance are one of the most reputable sources of rural & farm finance in the UK. We guide and advise you throughout your application process, making sure your individual needs and circumstances always come first. Although we co-operate with a diverse range of banks and financial institutions, we are above all, independent. This means we always tailor a solution that best meets your requirements, not the banks We provide farm finance and refinance solutions, bridging finance packages, impartial advice, support and a level of customer service envied by our competitors.

What industries/sectors use equipment loans?

There’s an almost limitless amount of industries and sectors eligible for equipment finance. We can help you find equipment finance for:

Agriculture and farming

Buses, coaches, cars, vans, trucks and haulage

Finance for a garage or mechanic

Manufacturing and heavy industry

Racking warehouse equipment and shelving

How do I get an equipment loan?

One of the advantages of equipment loans with Richmond Asset Finance is that, if you’re eligible, they are quick to get.

This is great news for businesses that can’t wait weeks or months to purchase, replace or repair critical equipment. You can use Richmond Asset Finance to find a suitable equipment loan. 

Richmond Asset Finance can help you with the purchase of:

  • 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.

What are the types of agricultural finance?

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: 

  1. Asset finance – hire purchase or leasing options
  2. Agricultural loans
  3. Refinancing to release equity tied up in your existing machinery
  4. Agricultural mortgages and bridging loans for farm and land purchases
  5. Diversification finance
  6. Renewable / green energy project finance

Farm Vehicle 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
  • Trailers

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

Farm Finance Specialists

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:

  • Tractors
  • Excavators
  • Combine Harvesters
  • Drilling & Planting Machinery
  • Cultivation Machinery
  • Grass Land Machinery

Tractor Sales Increase

As demand outpaces supply, Oct tractor sales up 9 per cent over last year.

Tractor sales, including exports, rose by around nine per cent in October 2020 to 1,23,883 units from 1,13,638 units, a year ago. Though growth has come down year on year, in absolute terms it increased.

Companies say demand has outpaced supply in October and festival season footfall has been good. Analysts at Crisil expect domestic tractor sales to notch up 10-12% growth this fiscal, compared with a de-growth of 1% estimated earlier, as a raft of tailwinds lifts farm incomes despite the Covid-19 pandemic.

Tractor and Mechanization Association (TMA) data shows, of the 1,23,883 sales in October 2020, 8,728 are exports as compared to 1,13,638 units, including 6,749 exports in October 2019. Production in October 2020 was 1,08,873 units as compared to 68,454 units, a year ago.

Why should you finance your Agricultural Equipment?

Richmond Asset Finance are dedicated to all your agricultural needs, including financing your farm machinery and agricultural equipment.

At Richmond Asset Finance we are dedicated to helping you invest in the productivity and future growth of your farm through good and bad times.

We provide you with easy to understand and affordable financing solutions that can be adapted to your circumstances. So whether you are an arable or livestock farmer, whether big or small, we have the financing solution for you.

We do more than simply provide financing, we build long-term relationships through trust.

Finance Lease

Although you never gain ownership of the equipment, a finance lease is similar to hire purchase in that you make regular fixed repayments over an agreed period, fully paying the cost of the equipment. A key difference though, is that VAT is payable on each lease payment rather than paying the full VAT due on the equipment at the outset of the agreement. At the end of the primary leasing period a nominal ‘secondary lease period’ annual payment is charged for continued use of the equipment. Alternatively you can arrange for the equipment to be sold to an unrelated third party for which you will receive the full sales proceeds.

Another key difference to the hire purchase option is that whilst you cannot claim capital allowances, you may be able to offset the lease repayments against any taxable profit.

You are responsible for the maintenance and insurance of the equipment.

Key benefits of Finance Lease:

  • The certainty of fixed term finance which can be withdrawn only if you do not keep to the terms and conditions of the contract.
  • The regular nature of repayments, and fixed interest rate, makes budgeting easier.
  • A cost effective way to fund your use of the equipment by spreading rentals over a fixed term.
  • Enhanced business cash flow with the ability to spread VAT across the life of the lease agreement.
  • A straightforward form of leasing which leaves you in a position to control the used equipment value.

Yorkshire Machinery Finance for Farms

From tractors, headers or balers, if it’s part of a working farm Richmond Asset Finance can finance it! At Richmond Asset Finance we have access to an experienced panel of lenders so we can bring you only the best finance options for your farm machinery and business.

Agriculture is very diverse and we also understand that that some farmers have seasonal income, so we can tailor seasonal loan structures for certain applicants if the situation calls for it.

We also understand that a 1998 tractor might still be in good working condition, so older farm machinery can be financed from both private sellers and dealers. Simply ask us for more details.

We can offer agriculture finance loans for the following vehicles and equipment:

  • Tractors
  • Harvesters
  • Spraying Equipment
  • Spreaders
  • Seeders
  • Offset Disc
  • Balers
  • Irrigation
  • Telehandlers

Have farm equipment or machinery that’s not on the list? Call us and we’ll be happy to help: 0113 288 3277

Your agricultural equipment finance options

Whatever you want to finance from biomass boilers to bailers, our range of equipment finance options are tailored to fit yours and our businesses needs. Read more about the ways in which we can help finance your farming assets or get in touch with our experts from Richmond Asset Finance for a quote.

Hire Purchase

Flexible interest rates – With a choice of fixed or variable rates, you could make the choice that suits you and your business best.

Finance Lease

Enjoy the benefits of ownership without the risk like depreciation or time and costs of disposal.

Operating Lease

Lease high value equipment and enjoy lower monthly repayments and reduced risks.

Sale & Leaseback

Release capital tied up in your assets and increase your cash reserves to invest in your business.

Why finance your agricultural equipment with us?

We know that different types of farming businesses have different needs. Our dedicated agricultural asset finance team specialises in finding the right solutions to help fund new and used farming equipment. And through our in-depth understanding of your business, our relationship managers could help you overcome the challenges of financing business growth.

Farm Finance & Farmland Loans

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.

Need a new tractor?

Rural Finance from Richmond Asset Finance can help your purchase what you need.

Richmond Asset Finance are one of the north west’s leading rural finance and agricultural brokers.

We are one of the biggest agricultural, commercial and industrial finance brokerage company’s operating throughout England, specifically the North West.

What makes Rural Finance different?

Here at Richmond Asset Finance we like to visit our customers, so we have a clear understanding of their requirements. Once we have a clear understanding of your needs and financial situation, we are in a better position to provide you with products that suit your circumstances. Richmond Asset Finance has brokers based around the North West, ensuring we always have someone to help you. Take advantage of our experience and give us a call on 0113 288 3277.

Finance Options

Typical Finance Types, uses and descriptions

1. Farm Finance, Rural Finance

An all embracing term we use to describe all types of farm and agricultural finance we offer in the rural and country business sectors and which can also be described as Agricultural Finance, Equestrian Finance, Farm Finance, Land Finance and Horticultural Finance. Finance can be provided for holiday complexes, caravan parks, caravan sites, properties with agricultural restrictions, land, buildings, working farms, non-working farms, nurseries, garden centres, smallholdings, estates, fisheries, farm shops and generally all types of rural type situations.

2. Agricultural Loan, Loan for Agriculture, Loans for Agriculture

More commonly described as an Agricultural Mortgage, Mortgage for Agriculture, Agricultural Re-mortgage or Re-mortgage for Agriculture being a loan secured by a first charge over property in UK, England. In some cases a loan may be secured by way of a second charge over this type of property.

3. Bridging Loan, Bridging Finance

This is a short-term arrangement whereby a loan is secured either by way of a first charge or second charge on property in England, Wales, Scotland or Northern Ireland. Usually, but not always, interest is rolled up or added to the account so that all the money is repaid by the end of the term, meaning that no monthly payments are made.

A broker with a farming background

Richmond Asset Finance are leading providers of finance to farmers and rural businesses in the North West, Leeds and Yorkshire. We understand and know the needs of the agricultural community and of specialists are here to help.

Unlike many commercial finance brokers and lenders offering finance to farming and rural communities Richmond Asset Finance has a genuine understanding and interest in agriculture, the countryside and rural communities.

Richmond Asset Finance help with Rural Finance including:

  • Livestock finance
    Our livestock experience covers dairy, beef, sheep and poultry. Our facility can be used repeatedly for auction purchases, B&B, heifer replacement or even new infrastructure.
  • Property renovation and repair
    We provide loans to help renovate and repair property assets, which result in capital appreciation or income generation.
  • Recovery and restructure
    We understand the need to take control and rationally plan when financial pressure is acute. Our facility can provide a window to achieve this.
  • Renewable energy
    We have considerable experience in financing AD, hydro, solar and wind power, for construction or operation.
  • Farm Diversification
    We understand the need to create new revenue streams and support all types of business diversification, from holiday lets through to farm shops or new crops.
  • Purchase of land
    We help farmers move quickly to secure land and expand their business, as acreage may come available at any time and often at short notice.

If you have an enquiry regarding rural and agricultural finance, contact us today.

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