Working Capital Loans for Agriculture and Farming - Apply
Working capital loans for agriculture and farming provide essential financial backing for UK agricultural SMEs to effectively manage daily operational expenses, maintain liquidity, and invest in growth without compromising cash reserves. These loans enable farms to purchase seeds, livestock, and equipment while ensuring they have the cash flow needed for smooth operations.
- 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 Working Capital Loans for Agriculture and Farming?
These loans offer the liquidity needed to hedge against seasonal fluctuations and seize immediate growth opportunities. With options like quick funding and competitive interest rates, farms can maintain productivity and growth without strain. Borrowers can access amounts from £3,000 to £1,000,000, often with decisions in just days and funds available within a week.
What are the different types of Working Capital Loans for Agriculture and Farming?
Agricultural Term Loans
Agricultural term loans are open to UK registered SMEs with a minimum of two years' operation. Amounts range from £10,000 to £1,000,000 over terms of 6 to 120 months. Eligible farms include dairy farms investing in machinery.
Revolving Credit Facilities
Revolving credit facilities cater to UK farms with a consistent cash flow history, offering £5,000 to £250,000 on a flexible term basis, perfect for handling seasonal fluctuations.
Merchant Cash Advances
Merchant cash advances are for UK-based agricultural businesses that process card payments, with funding from £3,000 to £300,000, linked directly to sales volumes.
What is a Working Capital Loan for Agriculture and Farming?
Application Processes and Decision Timelines
Applying involves sharing financial statements and possibly securing against assets. Decisions can arrive within days when using streamlined processes, with funds typically available in under a week. Quick systems facilitate smooth applications, essential for maintaining farm productivity.
Regulatory and Compliance Considerations
Loans must be authorised by the Financial Conduct Authority, ensuring compliance and transparency in terms. Borrowers must scrutinise terms, including any fees associated with early repayment, securing fairness and reliability.
Determining Borrowing Capacity and Rates
Borrowing capacity varies from £3,000 to £1,000,000, influenced by credit score and financial health. Rates between 3% to 15% APR hinge on these factors, with businesses needing clarity on additional fees such as arrangement charges.
