Farming and Agriculture are much more than a business. It is also a service because millions of people can feed their families. Farming companies are working hard in their fields. Still, they need to take care of their livestock, farmland, farm building, and agricultural machinery, all of which demand money. It is not difficult to accept that most agricultural firms do not have sufficient funds. As a result, supportive business finance options are available to help those firms attain the necessary financial help.
If you are running an agriculture and farming business, you can relate to it immediately. Of course, there are plenty of lending options in the market. However, it can be challenging for a busy owner to apply to various lenders individually and wait for approval. Just imagine the many application forms, the same procedure every time, and the submission of documents so many times. Why not reduce all this time wasted on hard work? Opt out for a simple process by hiring a loan broker.
TheBusinessFunds is a UK-based loan broker with a panel of lenders who provide business loan for agricultural sector. With us, you need to drop your details once, and we will shortlist suitable lenders and send you their details. You can compare them and make a choice. The noticeable part of our services is we offer unbiased advice.
As a specialist in the loan market, we quickly catch the nerve of global trends and their impact on the UK's economy and culture. Therefore, we have identified two primary reasons for the increased demand for business loan for agricultural and farming business.
1) Expected fall in global food price makes long-term business loans vital
According to a report by Rabobank, the food price inflation is showing a hint of decline in 2024. The two main reasons are the sharp price rise in recent years and low demand due to weak economic growth. A price fall is expected, which can be a challenge for the farmers. To meet their expenses and expand their business, they will need business funding for agricultural and farming business. A loan broker understands the loan market and can find you the best farming loan deal according to the circumstances in the agriculture industry.
2) Possible recession makes farmers inclined to agricultural loans
One estimation echoes a possible recession in the UK. It says that the nation may end its coming year with a recession. This has become a worry for all industries, including the agricultural sector. The farming companies may be looking for the best rates for agriculture finance for rural business in the UK. The GDP is expected to rise only by 0.3% in the coming year. The hint of a slow economy is undoubtedly a cause of stress for the farmers planning to expand their businesses. However, the dairy farming sector is expected to grow promisingly in 2024. Still, the conditions in totality create a long-term concern.
The financial sector can see a sharp rise in the number of applicants for agricultural business loan brokers in the UK. The coming decade is sure to see a mix of ups and downs for the agriculture sector of the UK. Affordable funding will play a significant role in helping farmers regain their pace during bumpy economic growth.
Our team of experts is consistently involved in market studies to spot the appropriate lending options for the farmers. If you have a business in the agriculture sector, we know how to list the best agricultural business loan lenders in the UK. We need some basic details about your commercial activities and we are good to go to find lending options for you.
Considering the variance of farmers' needs, different types of agricultural loans are available. No matter what kind of farming or agricultural need, we can find a relevant lender for you. Along with the lenders, we can arrange multiple types of funding options. Read below to know the loan options you can access for your long-term as well as short-term funding needs.
Agricultural Building Loans - The farmers who want to construct a new agricultural structure or extend or repair the existing one can find help here.
Agricultural Funding can be obtained for drying plans, grain rooms, farm buildings, cold rooms, workshops & sheds, Greenhouses and more.
Agricultural Machinery Finance - If you want to buy new or second-hand machinery, agricultural machinery finance can support you. It can be used to purchase any-to-many types of farming machinery. This includes tractors, sprayers, harvesters, rollers, cultivation machinery, drilling & planting machinery, excavators & diggers and more.
Agricultural Land Loans - Do you want to extend the acres of your agricultural land? Then an extra bag of cash is what you need. The business loans for agricultural land and property destined for this purpose only. You can buy any type of commercial property or land with the funds. These are pastures and hayfields, arable land, land under permanent crops and other types.
Farm Vehicle Finance - Whether you want to buy a new or used farm vehicle, vehicle loans are available to ensure the sufficiency of funds. Usually, this option is suitable for farming cars and vans, 4×4 Pickups, trailers, commercial vehicles, etc. Trust an honest suggestion to buy vehicles and keep your farming fueled.
Agricultural equipment finance - As you can understand with the term, business loans for agricultural and farming equipment help you buy the right equipment. Irrigation equipment, robotic milking systems, food processing systems, bottling plants, feeding systems, food processing systems, etc. are a part of this.
Livestock Finance - Dairy cows, breeding bulls, pullets of chicken, beef cattle, etc., are necessary for many farmers. But buying productive and healthy livestock demands ample money. It is easily possible through funding for agricultural businesses. TheBusinessFunds ensures your access to the right lender.
Many reasons can convince you to choose us as your commercial business loan broker in the UK. Below are the factors that authenticate the significance of selecting a loan broker. After all, we are known to provide unbiased advice. This factor breeds many more reasons for choosing a farming loan broker firm like ours.
Exploit market knowledge with a bird’s-eye view
Financial literacy is still a significant concern in this world. A hardworking farmer busy in his daily agricultural business may need in-depth knowledge of the finance market. There are plenty of agricultural loans for farming for varied purposes. After the invention of FinTech, many new funding products are now available to meet the diverse needs of farmers. The loan brokers can give you expert advice. They are very much familiar with the nook and cranny of the market. You can always go to a lender, but you may take a loan that does not directly connect to your needs.
For example, you need to buy equipment. If you do not know that equipment loan options are available in the market, you may end up taking an unsecured loan. It can provide you funds, but not according to the specificity of your equipment purchase requirement.
Escape from non-relevant or wrong finance options
Being among the established agricultural business loan brokers in the UK, we suggest the right lending option. If you choose the wrong one, you may have to bear early repayment fees, high monthly payments and hidden costs. We pick the fitting lenders for you that match your repayment capacity. Our experts first understand your business requirements along with your future plans. When you borrow through our panel, you get the loan choices available at competitive prices.
We take care of loan procedure
Once you choose a lender from our suggested ones, we start the loan procedure on your behalf. You can sit back and relax. Provide us with the details and documents the lender requires and wait for a while. We will complete the process, and your growth capital loan will reach your bank account for your business growth. After all, what are the loan brokers destined for? Yes, they are made to work on the behalf of the loan applicants.
Your conditions, we bargain
TheBusinessFunds is a bridge between the lender and the loan applicant. We send you a list of shortlisted lenders which you can compare. Take your time. As we know, obtaining funds is not a work one can do in a rush. Once you choose a loan lender, you can let us know your concerns on interest rate, repayment or other aspects. Whether for secured business loans on agricultural property or an unsecured one for a vehicle on lease, we will bargain for you. Our experts know how to bring out the best deal from your lender.
Escape the problems you face in attaining farming finance
It may not be a cake walk to attain finance for the farming business for everyone due to discrepancies in the past. Still, the human world has always been a synonym for possibilities. We can provide alternatives to those with low credit scores, refinancing seekers and those with no collateral capacity. Once we understand the situation of your business, it is our professional responsibility to find workable lending options for you.
Whatever the economic circumstances in the UK, we can always find you a loan option. TheBusinessFunds can sense your needs because we listen to the farmers every day. They share their circumstances with us, and we help them find the right lending option. We know who can be the best agricultural business loan provider for you. Let this mutual trust strengthen through a conversation. Contact us now and our customer support team will contact you soon.
The Agricultural Loans for farm buildings are offered to buy, lease or repair farming structures. These are Grain stores, drying plants, farm buildings, workshops & sheds and drying plants. These loans help owners create and maintain the necessary infrastructure for farming.
The farm and Agricultural finance is obtainable on your repayment capacity. If, despite a poor credit score, you can prove a repayment capacity. It is possible to borrow funds, particularly when looking for short-term loans and for a smaller amount. As loan brokers, we never drive conclusions based on just one factor. Getting a fair and rational chance are the first two things you deserve.
If you apply for unsecured farm finance, it is a matter of a few hours. But if you apply for long-term and secured agricultural loans, the process takes some time as these belong to asset finance. Depending on your financial circumstances, it can be from three days to a maximum of one week.
Well, this is what the loan brokers are for. You let us know your requirements and explain the purpose, and we will find the right loan and lender. Our team of experts will understand your business first and help you borrow money through a relevant business loan product.
TheBusinessFunds has a panel of traditional lenders as well as alternative business funding for agricultural and farming business. We can connect you with the latter, which provides flexible rates and repayment options. If you need loan approval and fund disbursal early, post your loan query now.
