Agricultural finance from RFL Credit

Agricultural Finance

Farming has become increasingly mechanized as fewer people run a larger acerage. You may be a family farmer, a large contractor or responsible for an estate. Whichever, your equipment has a hard time, mostly out of doors and needs replacing sooner than you would like.

Some typical items are listed below:

Tractor Finance
Combine Harvester Finance
Baler Finance

We can help, a large proportion of our business is in your sector and we understand the needs and problems of a farmer. Call us and we are confident we can supply an excellent finance package and over a suitable time-frame.

What is asset finance?

Put simply, Asset Finance is the ‘provision of credit or leasing facilities to aid your acquisition of business assets’. Security is primarily taken on the asset concerned and is generally a stand-alone facility. The cost is spread over a period up to the useful life of the asset. Assets that can typically be funded in this fashion are generally of a tangible nature with a readily available resale market.

Most items of equipment in normal use within the business or industrial environment may be obtained through leasing or hire purchase. Equipment can cost as little as a few thousand pounds, or more than £10 million in the case of some major industrial plant machinery.

Proposals up to £200,000 can have a decision on finance the same day from a selection of funders.

What are the benefits of asset finance?

The cost of the asset can be linked to the income it generates
Relatively straightforward facility to arrange
The rental profile is agreed at inception allowing simple cash flow management
Stand-alone facility that leaves other lines of credit intact for working capital
Unlike an overdraft, asset finance is generally non-cancellable providing the agreement is maintained correctly
Equipment types that are suitable for hire purchase or leasing?

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