FINANCE OPTIONS

Secured Business Loans for Farming – Get a Quote

Secured business loans for farming are essential financial tools for UK farmers looking to expand and sustain their operations. These loans, using farmland or agricultural assets as collateral, offer substantial capital to support diverse agricultural needs such as purchasing additional land or upgrading infrastructure.

Business Loans

Secure up to £500,000 in Business Loans with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of Secured Business Loans for Farming?

The primary benefits of secured farming loans include lower interest rates and larger borrowing sums due to the security offered by collateral. This structure allows for expansive investment into vital farm developments with the potential for tailored repayment plans.
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Lower interest rates
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Flexible repayment terms
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Increased funding options

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What are the different types of Secured Business Loans for Farming?

Agricultural Mortgage

Agricultural mortgages provide UK farming businesses with significant capital, ranging from £50,000 to £5 million, depending on land ownership as collateral.

Agricultural Mortgage

These mortgages cater to businesses with freehold or long leasehold ownership, featuring lending terms from 60 to 300 months and interest rates between 3% and 6%. They support key activities like land purchase and infrastructure investments.

Asset Finance for Equipment Purchase

Asset finance allows farms to acquire essential machinery by leveraging existing assets. Typical amounts range from £10,000 to £1 million.

Asset Finance for Equipment Purchase

Designed for purchasing tractors and harvesters, this option includes terms from 12 to 84 months and interest rates of 4% to 9%, ensuring farms remain competitive with modern equipment.

Secured Revolving Credit Facility

This facility supports liquidity for established farms, offering £25,000 to £500,000 based on tangible asset security.

Secured Revolving Credit Facility

Providing flexibility for managing cash flow, it comes with terms of 12 to 60 months and interest rates from 5% to 8%, perfect for tackling seasonal financial needs.

What is a Secured Business Loan for Farming?

Application and Approval Process

The application process for secured loans requires financial statements, business plans, and collateral documentation. Expect decisions within 1 to 4 weeks, contingent on appraisal speeds and document completeness.

Regulatory and Compliance Aspects

Compliance with FCA guidelines ensures ethical lending, and lenders must be FCA registered, adhering to the Code of Practice specifically for farming businesses.

Loan Amounts and Interest Rates

Loan amounts depend on asset value and credit rating, ranging from £10,000 to £5 million, with interest rates dictated by collateral type and business creditworthiness.

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FAQ’S

How much can I borrow with a secured business loan for farming?
How quickly can I receive a decision on my farming loan application?
What are the interest rates for secured farming loans?
What requirements must I meet for securing a farming loan?

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