Asset Finance for Agriculture and Farm Diversification Projects
If you are looking for asset finance, your search ends here at H&H Asset Finance - a name you can rely on. We specialize in providing comprehensive asset finance solutions that cater to the unique needs of farming, rural, and agricultural enterprises. Based in the North of England, our dedicated team possesses an in-depth understanding of the financial intricacies that drive farming businesses.
1. What assets can be financed?
Literally any asset you can think of, ranging from plant, machinery, vehicles and buildings right through to computers, CCTV, security cameras and drones. The list is endless!
2. How much can I borrow, at what rates and over what period?
Minimum advance tends to be £10,000 with no upper limit, depending on the financial strength of the business. Rates vary again depending on credit rating but are very competitive. Periods tend to range from two to seven years.
3. If I want to diversify, will you be able to help me?
Yes, we can assist with many diversification projects including glamping pods, ice cream parlours, microbreweries, farm shops and much more
4. What types of finance are available for farmers?
Hire Purchase, Finance Lease, Unsecured Loans
5. How does re-finance mean?
Unlocking the value of your owned assets to improve your cashflow. Funders will tend to lend you up to 80% of a forced sale value of the asset.
6. What are the benefits of Leasing?
Gives the customer access to the assets they need in return for a regular monthly rental, avoiding the cost of commitment of ownership. The monthly rentals count as a monthly expense rather than owning an asset on your balance sheet. The rentals attract VAT.
7. What are the benefits of Hire Purchase?
Spread the cost of your Investment over a fixed term, normally three to seven years, with full ownership at the end for a small option to purchase fee.