Farming Finance
When considering a farming loan it is important to remember that the overall package needs to suit your individual needs. You don’t need to pay large broker fees if you do not need to.
There are several reasons you may need a farming loan:
· Retention of ownership
Rather than sell a part of your farm, this facility will allow you to retain ownership of your farm. The Lander will only have a right to an interest return on its loan, unlike an Investor who would be entitled to a share of the profits or a stake in the company ownership.
· Better cash flow
A farming loan will give you access to capital, without upfront payments, with the flexibility to tailor the loan schedule to your requirements.
· Borrower is legal owner of assets
If you decide to take a loan out against your assets, unlike other sources of finance you will remain the legal owner of those assets.
· Financial flexibility
The proceeds from the commercial loan can be used for any purpose including paying off existing debt.
· Simple cash flow management
The loan schedule is pre-set making repayments more predictable.
Source Commercial Finance can help you find the most suitable package for your requirements and aid you in properly financing your farm.
For more information and advice please contact one of our advisers at Source Commercial Finance