Agriculture

It is critical to remain current and competitive in the Agricultural Sector by having access to efficient equipment and machinery. We can help your agricultural business stay ahead by helping you raise finance for growth.

Whether you are involved with land, livestock or crop farming you can access a number of finance facilities including Asset Finance, Invoice Finance, Grants, Commercial Mortgages and Business Loans.

Asset Finance or Equipment Finance is used to purchase new or second hand equipment or machinery via Hire Purchase or Finance Lease facilities. We also specialise in asset finance to refinance existing plant and machinery and vehicles.

XL Business Finance offers a viable alternative to bank funding and we understand the challenges many businesses face dealing with the high street banks. There are many leasing and hire purchase companies providing viable alternatives.

Your business can have access to an ongoing supply of cash which grows in line with your sales through invoice discounting or factoring and your customers make payments via a specialist bank account which the business can track online and monitor the amount of funding available.

In addition, a service fee will be payable on a monthly basis and an interest rate applied which will be very similar to a bank overdraft.

Your business may also qualify for the Deposit Scheme which provides grant finance to eligible businesses. We can carry out a grant search to see if your business is eligible for any grant funding.

You can also explore funding through Commercial Mortgages which offer lending against a property. Loans are typically available for up to 70% of the value of the property and the purchaser will raise a cash deposit for the balance of the purchase price.

We also have access to many straight-forward business loans. Again, for the right business these can be very competitively priced.

It goes without saying we have access to the best facilities at prime rates for long established and financially sound businesses however we also have access to finance for businesses with impaired credit or maybe that gone through an insolvency process. New starts are also not a problem.

There will be other funding options available depending upon your circumstances such as Cashflow loans, development finance and revolving credit so please get in touch to discuss your individual requirements.