Business Services

Hire Purchase

The straight forward purchase of assets that are funded through a finance company giving ownership at the end of the period for a nominal fee. The installments can be tailored to your business needs, either fixed or variable rates (depending on the type of business), likewise the payments can be tailored to your cash-flow requirements.

You can still claim depreciation allowances, offset interest payments against tax and reclaim VAT on the purchase price.

Up to 100% of purchase price can be financed. VAT deferral potential. Ownership at the end of the term. Cashflow matched payments.

Leasing

Similar to HP, but the VAT is payable on the installments and the goods are not owned by the client at the end of the period. This product is often seen as a tax efficient way for businesses to acquire assets without using up their facilities.

Up to 100% of purchase price ex.VAT.

VAT is payable on rentals.

Ability of continued use of asset for nominal sum or sale of asset and retain some of the cash proceeds at the end of the primary period.

Operating Lease

The asset is "effectively" rented from the finance company with payments calculated on the end of period value of the asset. This allows the rentals to be kept relatively low. This helps to keep monthly outgoings low and provides off balance sheet finance.

Rentals and return conditions are fixed at outset.

Resale risk taken away.

Cashflow matched payments and tax effective.

Contract Hire

The key benefits of contract hire are the known running costs. Extending the principal of fixed interest costs, this type of agreement goes further and fixes all equipment usage and servicing costs for your business.

Also lower repair costs with preventive maintenance. Although a dealer maintenance plan will not cover the cost of repairs outside warranty, the likelihood of a major breakdown is reduced with more regularly maintained equipment.

Business Loans

Mainly used for un-secured assets over the short to medium term, for a range of items that are not normally associated with HP & Leasing, eg cattle handling equipment, livestock, building improvements, poly tunnels also string and net in agriculture. A quick and straight forward route of raising additional funding.

Rural Finance can facilitate larger loans via second charge mortgages and alike.

Mortgages

Rural Finance can provide you with an extensive range of mortgages to suit your business needs, from outright purchases, refinancing, diversification through to development, through working closely with the main line banking organisations.

Rural Finance consults with farmers and agricultural businesses of every size and income range within the farming industry.

We understand that rural properties, business objectives and even your ideas don’t always fit with those of conventional lenders.

Insurance

Rural Finance are specialists in underwriting, with more than 20 years experience, operating in the agricultural and farm insurance markets. Working closely with farmers, our experienced team will advise how best to protect your business.

Fixed & Variable rate funding

Grow your business and take control of your cashflow. Competitive fixed or variable interest rates.

Wholesale facilities

Rural Finance wholesale facilities provides guidance and technical support to clients considering the construction or remodeling of wholesale markets, farmers markets, and public markets. Indoors or outdoors, single buildings or building complexes, industrial or commercial, these markets are an important part of the food distribution network.