These are tough times for businesses in a wide range of industries including those in the agricultural sector. It can be a particularly difficult time to secure finance for a project to upgrade your farm, no matter how detailed your business plan might be.
UK Agricultural Finance regularly helps those who struggle to secure finance from a conventional lender, with our loans used for a wide range of purposes, including:
- Purchase of land and Property
- Livestock finance
- Renewable energy
- Generational transfers
- Recovery and Restructure.
- Tenancies with a right to buy
When it comes to generational transfers, we can help you transfer your farm to the next generation while keeping some of your capital. We can do this by lending against the open market value of the land rather than the potentially lower price you are selling at.
Once the next generation gains ownership of the land, they can refinance with a conventional lender.
We are continuing to operate during the COVID-19 crisis, doing what we can to support the rural and agricultural communities. Our experts can provide advice on the best ways to protect your business, including putting together a business continuity plan to help you keep running smoothly no matter what happens.
Although we are still providing loans for farmers, we have temporarily tightened our lending and risk criteria.
If you need a loan for your farm, why not find out more about UK Agricultural Finance today? Our team is always happy to help.