Customer: Farming Business
Asset: Farm Inputs – Fertiliser
Cost: £32,000
Type of Finance: Unsecured Loan Agreement Over 12 Months
Fertiliser Supplied by: Yara UKAG Credit recently had the pleasure of helping a farming business secure the finance needed to purchase essential fertiliser for their crops. This critical farm input was supplied by Yara UK and financed through an unsecured loan agreement over 12 months.
We understand the financial challenges faced by businesses in the agriculture sector. That’s why we worked closely with our client to create a solution tailored to their specific needs. We pride ourselves on our ability to secure financing for various agricultural inputs, recognising their importance to our clients’ operations.
Our wide network of finance companies allows us to provide flexible and competitive financing options, even for inputs like fertiliser. This ensures businesses like our client’s can grow and operate smoothly without the burden of upfront costs.
At AG Credit, we are committed to supporting the growth and success of our clients by providing reliable and accessible financing solutions. It was a pleasure to assist this farming business in reaching their goals and securing the inputs they needed to thrive.
Ready to finance your next essential asset? Contact us today to find out how we can support your business with tailored financing solutions.
Author: admin
Customer: Farming/Haulage Business
Asset: 2006 Scania R500 Tractor Unit
Type of Finance: Hire Purchase Agreement Over 48 Months
Vehicle Supplied by: Fernwood Commercials
AG Credit recently had the pleasure of helping a farming and haulage business secure the finance needed to buy a 2006 Scania R500 Tractor Unit. This vital piece of equipment was supplied by Fernwood Commercials and financed through a hire purchase agreement over 48 months.
We understand the financial challenges faced by businesses in the agriculture and haulage sectors. That’s why we worked closely with our client to create a solution tailored to their specific needs. We pride ourselves on our ability to secure financing for older machinery, recognising their enduring value and importance to our clients’ operations.
Our wide network of finance companies allows us to provide flexible and competitive financing options, even for used equipment. This ensures businesses like our client’s can grow and operate smoothly without the burden of upfront costs.
At AG Credit, we are committed to supporting the growth and success of our clients by providing reliable and accessible financing solutions. It was a pleasure to assist this farming and haulage business in reaching their goals and securing the equipment they needed to thrive.
Ready to finance your next essential asset? Contact us today to find out how we can support your business with tailored financing solutions.
We don’t just finance machinery and equipment!
Many of our lenders are able to offer unsecured farm loans, based on good creditworthiness and financial history.
These type of loans are specifically for things like:
🐄 Livestock purchases
🌾 Fertiliser
🏚️ Sheds/farm buildings
💡 Diversification Projects
🛠️ General farm improvements – concreting a yard, silage pits, other operating expenses
Government grants
Some lenders will also offer unsecured loans to farming businesses to purchase specific equipment. Where farmers have received a government grant towards a piece of equipment, they must then purchase it out right using their own funds, rather than on a finance agreement.
We recently had an example of this where a customer received a government grant to purchase a Sheep Handling System.
NEED ACCESS TO FUNDS FOR YOUR FARM?
Contact us for more information.
What can we offer you this year?
⭐ If you are a limited company, partnership, sole trader or private individual, looking to purchase new or used assets, such as machinery, vehicles and equipment, to help grow your business in 2024. We can help you find the best finance facility, tailored to you and your business.
⭐ We save you time by doing the leg work, and will guide you through the process quickly and efficiently.
⭐ We have access to a wide range of lenders, who offer different types of finance facilities such as; hire purchase, lease, operating lease, refinance (sale and HP back) and loans for farm improvements.
⭐ If you are a supplier, machinery dealer or private seller, we can help your customers access the funds they need to purchase equipment from you. Therefore driving your sales!
⭐ Rates are competitive and the finance is flexible, we can offer; structured payment profiles, minimal deposits, VAT deferrals and seasonal payments.
So why not contact us? Either for a direct quote, or refer one of your customers to us. It’s always good to shop around!
Autumn Statement 2023
Earlier in November the Government set out the Autumn Statement. FULL EXPENSING relief has now been set as a permanent feature of the capital allowances regime.
What are the rules?
Full expensing allows companies to claim 100% of the cost of certain plant and machinery, that is new and unused, against profits in the year of expenditure.
Who can benefit from this?
Limited Companies, who pay corporation tax.
Have a look at other capital allowances available here: https://www.gov.uk/capital-allowances
Bank of England Update
Interest rates are stabilising as inflation has started to fall. The Bank of England expects inflation to fall further this year and continue to fall towards their 2% target next year. Good news for prices rising more slowly, and interest rates not needed too increase to drastically.
Personal tax returns deadline – 31st January 2024
With this date in mind, it is worth considering cut off dates for purchasing any capital equipment for your business in time to reduce your tax labilities. This applies to ALL businesses operating as Sole Traders, Partnerships or Limited Companies.
If you need deals to be settled and paid out before the end of a certain month to allow for VAT quarters or end of financial years, then get in touch with us sooner rather than later. We’re here to help!