CASE STUDY 3
Example of Asset Refinancing: £10,000 for livestock purchase
Location: Nr-Aberdeen, Scotland
General Background
This hilltop farming family wanted to increase their beef herd from 40 to 55 head. They needed new funds to achieve this as purchasing through cash flow would have taken several years.
Finance Background
Partnership
Property owned with 70% mortgage
Small profit in business for last 2 years
No overdraft
No relationship with High Street bank as local branch had closed
Alchemy Funding Approach
Type: Sale & Leaseback
Term: 60 months
Funding security to value: 50%
Security
Polaris Ranger
Mower
Tedder
10 cows
Rate
5.33% net
You can read this update from Alchemy Business Finance on TFF's AGVendor...
Location: Nr-Aberdeen, Scotland
General Background
This hilltop farming family wanted to increase their beef herd from 40 to 55 head. They needed new funds to achieve this as purchasing through cash flow would have taken several years.
Finance Background
Partnership
Property owned with 70% mortgage
Small profit in business for last 2 years
No overdraft
No relationship with High Street bank as local branch had closed
Alchemy Funding Approach
Type: Sale & Leaseback
Term: 60 months
Funding security to value: 50%
Security
Polaris Ranger
Mower
Tedder
10 cows
Rate
5.33% net
You can read this update from Alchemy Business Finance on TFF's AGVendor...
