Raising Finance

[Exmouth Man]

We are taking on the tenancy of a much larger holding and need to raise some finance to increase livestock levels and buy bigger/better kit. Very fortunately we have cash in the bank and no dept. However, we need to raise more finance. Will use bank if we have to, but we are wondering if anyone could recommend a company that funds tenanted farm businesses? Cheers

 

[suffolksmallholder]

We are taking on the tenancy of a much larger holding and need to raise some finance to increase livestock levels and buy bigger/better kit. Very fortunately we have cash in the bank and no dept. However, we need to raise more finance. Will use bank if we have to, but we are wondering if anyone could recommend a company that funds tenanted farm businesses? Cheers

Nat West have a section for land based loans. They offered me very favourable terms once upon a time
SS

 

[Blue.]

Oxbury bank,lend on livestock I believe.

 

[Johnnyboxer]

Try Andy Stoakes at Exeter

He can sort you out with kit and livestock finance & he has connections with Oxbury bank and all the other major Ag finance lenders

Home - Business Finance Brokers Ltd

www.businessfinancebrokers.co.uk

 

[Hilly]

Oxbury .

 

[upnortheast]

We are taking on the tenancy of a much larger holding and need to raise some finance to increase livestock levels and buy bigger/better kit. Very fortunately we have cash in the bank and no dept. However, we need to raise more finance. Will use bank if we have to, but we are wondering if anyone could recommend a company that funds tenanted farm businesses? Cheers

A bank is most likely to be the best option.
HP for kit
Lots of cattle going through auction marts are funded by likes of Shire Leasing.

Beware some of the companies that provide "asset finance ". Been threads on here about some in that sector where the small print hides lots of problems

Talk to your accountants, they will know your situation better than random contributers to TFF

 

[Johnnyboxer]

Beware some of the companies that provide "asset finance ". Been threads on here about some in that sector where the small print hides lots of problems

In what way ?

 

[L P]

In what way ?

Some are pretty unscrupulous in the small print, generally not a huge issue unless you default or keel over unexpectedly, not uncommon for terms to alter between quoting and signing even with the better known chaps, its always worth reading what you are signing up to!

Like Ward (AG credit) is a good independant to deal with and can organise loans as well as machine credit.

 

[Rossymons]

How much money are we discussing?

4 figures?

Low 5 figures?

My bank account has given me a 30k loan @ 7.5% on my current account that I can apply for online whilst having a cup of tea in my living room.

I've no idea if I can better that through the business account but thought it was interesting all the same.

 

[Drago]

Rob Joy
HBV capital @ Crediton would be worth a call, vert helpfully, assuming your from Devon.