FAQs

Applying for finance is extremely easy. Once you have decided on an asset to purchase or a financial requirement for your business just contact us via phone or email. We will then discuss with you what your needs are, and determine the most suitable financial product for your needs.

This may be a Hire Purchase agreement, a lease agreement or a loan agreement. We will then obtain permission from you for the lender to carry out a credit search and collate the necessary  information that is required. – business details, financial information, business income etc.

Once we have this all together we will then make an application to a lender on your behalf. When a decision is received from the relevant lender we will then contact you to obtain further information as requested or to proceed to payout on the agreement.

In most cases the information required is straightforward and simple.

To make an application for finance where business is a sole trader or a partnership we will need names, addresses and dates of birth for all partners or, in the case of a Ltd Company, details of directors. A summary of business details will also be required i.e type of business (dairy farm, arable farm, contractor etc) along with land & stock details. Information regarding sources of income will also be required. Additionally, according to deal size business accounts and business bank statements may also be requested.

In most cases, a decision will be made within 24 hours of application being made. This will be dependant on deal size and complexity.

Once approval has been received from the lender, documents will be signed by the customer, allowing the lender to pay out to either the customer in the case of a loan, or the supplier in the case of a hire purchase or lease deal. In most cases funds will be received by the relevant party within 48 hours.

• All types of new & used agricultural machinery.
• Milking parlours
• Renewable energy systems
• Livestock
• Construction of agricultural buildings & associated groundswork
• Agricultural land
• Yellow plant
• Forestry equipment
• Cars

Hire Purchase / Lease: In most cases, dependant on the age of the asset being financed, contract periods can be anything from 12 months to 7 years.

However, the longer the term of the agreement, the more expensive it becomes for the customer. So we will always endeavour to match the repayment period with the life expectancy of the asset and the cash flow of the business.

In the case of a loan, anything from 12 months to 7 years depending on cash flow of business.

It is always good to meet each face to face to allow you to become comfortable and to get to know who you are dealing with. We will facilitate face to face meetings as needed but we realise that as business owners’ time is limited this may not always be required. In a straight forward deal, a face to face meeting will usually only take place for initial signing of paperwork but if proposals are complex then meeting our customers allows us to gain an understanding of the business and it’s needs.