Farm Subsidy Payment Cashflow Finance
Helping Deal With A Funding Crisis
- A lifetime for late subsidy payments
- Use for any purpose on your farm
- Support your cashflow
- Deal with all types of bills
Designed Around Your Needs
- Can be part of 'Jigsaw' Funding designed around your needs
- Flexible funding secured on property
- Tailored around your cashflow
- An adverse credit history need not be a problem
- Repayment and interest-only available
- Roll up repayments
- Use as you wish - repay when your subsidy arrives
- Cost-effective for the short term
Your farm business may depend on your subsidy payment - and if it is late you could face serious problems. Farm Subsidy Payment Cashflow Finance can provide the solution
Farmers are struggling with cash flow problems because of late payments of subsidies. Many - as many as a third of all farmers - who are due subsidies in January are still waiting for payment in June.
The bills keep coming in, and creditors won’t wait. You have workers to pay, feed and diesel to buy and finance repayments to make.
This means that the delay in payment leaves many farmers in financial difficulties. In some cases, these are so severe that businesses could go to the wall. The solution can be a Farm Subsidy Payment Cashflow Finance provided as a Bridging Loan.
What is a Bridging Loan?
Bridging Loans are large-scale, short-term loans. They are so-called because they “bridge the gap” in funding needs for the short term until your subsidy payment arrives.
Bridging Finance is secured on a property. It is most often used to buy the property it is secured on, but it can also be used to raise funds on a property that is already owned. This provides a cost-effective solution when you need to raise cash for virtually any short-term need. Bridging Finance can be secured against nearly any asset, although property is most often used as the security. Some lenders will accept a second charge security, meaning that the loan can be against a property which is already under a finance arrangement such as a mortgage.
It can also be fast. Unlike high street banks, bridging lenders can turn a loan from application to approval in a very short space of time - often less than a week, and sometimes in as little as 48 hours.
If you have a cash flow crisis and don’t know when your subsidy will be paid, the flexibility of a Bridging Loan can be ideal.
How much will Farm Subsidy Payment Cashflow Finance cost?
You can apply for the level of Farm Subsidy Payment Cashflow Finance you need to keep your business running from £thousands to £hundreds of thousands.
Obviously, the cost will reflect the size of the loan and for how long you actually need it. However, because you have the certainty that your subsidy will be paid eventually, the risk to the lender is low and the rates can be reasonable - especially as you can arrange to repay as soon as you subsidy arrives.
You simply need to provide suitable property to act as security for the loan.
So you could, for example, raise funding on a farmhouse to bring the cash you need to keep the business afloat. Once you have received the subsidy payment from the government, you can repay the amount you have borrowed, together with interest and fees.
REAL EXAMPLES OF WHAT WE CAN DO
Find a Bridging Finance deal to let a farmer support his cashflow
Source funding to allow a farm to say in business
Found a lender to fund an arable farm
Find the most competitive lending for a £multimillion farming operation
Why you need Rangewell to set up a Farm Subsidy Payment Cashflow Loan
Bridging Loans are designed to be set up fast to let you deal with urgent funding needs or to take advantage of business opportunities. But unless you have expert help, you can find it difficult to get the most competitive deal.
At Rangewell, we can help you find the most competitive deal for the loan you want.
Our knowledge can not only help you secure the funding you need for your livestock project - it can save you a great deal of cash.
Remember, Farm Subsidy Payment Cashflow Finance is designed for short-term use. If you need long-term funding to replace it, we can help with that too.
Call us to find out more.
Helping you build your profits
Keep your business afloatBridging can provide cost-effective solutions to keep your business afloat while waiting for subsidy payments.
Second Charge FundingSome lenders will accept a second charge security, meaning that the loan can be against a property which is already subject to a mortgage.
Funding for any purposeSecuring funds on your land can help you raise cash for feed, purchase or any other kind of funding need.
SecureWith a defined exit strategy - your subsidy payment - your business is secure.
Quick application processBridging lenders will take into consideration your credit profile, the value of the asset, and your exit strategy to come to a decision in the shortest possible time.
A single repaymentIn most cases, all fees, interest and charges can be rolled up into a single repayment made at the end of the loan term, when an alternative fund source has been arranged.
Download Rangewell’s free and detailed guide to finance for the agricultural industry
What types of finance are available to the agriculture sector and which is right for your farming business?
How to find the right lender for your needs and why it's important
Do I have to choose a lender who is regulated by the Financial Conduct Authority?
Are there any downsides to applying for finance for my farm business?
How can I arrange Asset Finance for purchasing vehicles, machinery and equipment?
What paperwork do I need to submit with my application, or does it depend on the type of finance I'm applying for?
What key terms do I need to know about before applying for business finance for my farming business?
Download your free resource on finance for the agricultural sector
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs is essential to avoid excessive costs.
Long term commitmentBuying land is a long term financial commitment, that may cause problems for your business if your plans change.
Your property may be at riskAny property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage. Agricultural Mortgages are subject to application and status.
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