Short term funding, normally arranged through the Banks for working capital such as the purchase of inputs pending receipt of monies from the sale of farm produce, generally for a maximum term of 12 months The overdraft limit is matched to the business’ borrowing requirements, including how much you need and how long it is needed for. The business only pays interest when the overdraft is used. Interest is charged at a variable rate that's linked to the Bank of England Base Rate.
Short term loans are typically used to fund assets which are generally not appropriate for Hire Purchase and Leasing. These assets include livestock, building improvements, poly tunnels etc.
Long term loans which are usually arranged for:
- purchase of assets including land and machinery
- diversification of the existing business.
We work with all the main high street Banks and will look to get the most competitive deal in the marketplace for the particular project you are considering. Loans available for virtually any rural business activity, for sole traders, partnerships, companies, trusts and pension funds offering a house and/ or land as security