Products
We have developed a range of financial
packages in response to the needs
of primary producers. Our specialist
rural lending staff understand the
risks and vagaries associated with
farming. We work closely with clients
during difficult times and assist
them through these events by varying
instalments or even defering repayments
as circumstances warrant.
We appreciate there are lots of risks
associated with farming, many of them
beyond the day to day control of the
farmers. We lend not only to operators
of commercial scale farms but also
to those who are committed to agriculture
and operating in a small way relying
on income from outside sources to
achieve their ambition. More information
on Small Farm Finance can be obtained
from your nearest Rural Finance
office.
Hire Purchase
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Hire Purchase (or lease purchase,
as it's also known) can give
you the best of both worlds.
You can have the asset straight
away but spread the payments
over the life of the asset,
and you can keep it at the end
of the term for a nominal fee.
We will agree the structure
with you at the beginning so
there are no surprises and you
can budget for the payments.
At the end of the agreement
you can, for a small fee, buy
the asset. All your repayments
can be matched to fit your cashflow.
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Lease Hire
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Finance leasing is a flexible,
tax-efficient way for your business
to acquire the assets without
using up your cash reserves,
and you may realise some value
at the end of the term. A Finance
Lease allows you to carry on
renting the asset for a small
sum or you can opt to sell it
and retain most of the cash
proceeds when the term ends.
VAT is payable on the rental
and not the asset.
With a Finance Lease there
is normally no need for additional
security as the finance is usually
secured on the asset.
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Operating Lease
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An Operating
Lease lets you benefit from
an asset whilst we take the
risk of it losing its value
or becoming obsolete. You get
full use of the asset for as
long as you need it. The rental
and return conditions are fixed
at the outset of the agreement.
This gives you an improved cashflow
and tax-efficient payments.
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Contract Hire
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Contract hire is an operating
lease product with a maintenance
schedule attached. This is ideal
for companies who want to concentrate
on their core business activities,
and at the same time avoiding
the financial risk and administrative
burden of owning the asset.
The great benefit of this type
of hire is the fixed rentals
for the whole package, making
budget planning with contract
hire easier. The flexible contract
with variable duration and mileage
terms. Maintenance of contract
hire vehicles can be included
in monthly rentals. Contract
hire offers flexible invoice
arrangements help to considerably
reduce administration.
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Business Loans
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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.
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Business-related mortgage
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Rural Financeoffer the facilities
to provide you with a complete
range of mortgages for your
business needs. We work closely
with all main line bankers and
financiers and can tailor the
mortgage options to suit what
you require.
These options can be at a fixed
rate or variable rate or interest
only and terms of up to 30 years
depending on your situation.
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