Asset finance is a great way for farm businesses to purchase assets without taking out an expensive loan. The funder will pay the cost upfront and you can spread payments over agreed terms, as opposed having one large payment at once that could be difficult if your operation grows or changes dramatically in some other ways.
If you think about all of the assets that your farm has, this could represent a significant amount cash tied up in business. This could include machinery and tools for work onsite or vehicles to transport people around when they are not working at their own premises – it really depends what type is needed!
Using asset refinancing can help you secure better borrowing rates than a business loan and you can offset the monthly repayment against your tax liability, making it a tax efficient way of borrowing funds.
How we can help?
- We have funders that will finance both hard and soft assets.
- Instant quotes available.
- An initial decision within hours.
- A quick and easy application process.
- A designated account manager to help answer any questions that you may have.
- More importantly, we are not tied to one funder, so we can search the market.