Agriculture Equipment Finance
Agriculture equipment finance allows farms and agri-businesses to acquire specialist machinery without committing a large lump sum at the point of purchase.
Funding for Farm Machinery and Equipment
Agriculture equipment finance allows farms and agri-businesses to acquire tractors, harvesters, livestock systems and specialist machinery without committing a large lump sum at the point of purchase. Depending on lender criteria, agreements can usually be arranged for new or second-hand equipment bought from a dealer, at auction or privately.
The funding options we arrange include hire purchase, where ownership typically passes to the business once the final payment is made, and finance lease, where the equipment is used for the agreed term without being owned outright. For machinery already on the farm, asset refinance can release capital tied up in existing kit. Some agreements may also be structured with a deposit or a final balloon payment to bring monthly costs down.
Finance can cover a broad range of machinery, including tractors, combines, telehandlers, balers, seed drills, sprayers, slurry tankers, grain dryers and robotic milking units. Where cash flow is seasonal, some lenders will consider profiled repayments, such as lower instalments through the winter months and higher payments once harvest, lambing or milk income comes in.
Applications are generally considered from businesses that have been trading for at least 6 months. Spreading the cost can help protect cash reserves for feed, fuel and wages, and access to a wide lender panel gives more scope to find terms suited to the farm. In many cases repayments can be fixed for the length of the agreement.
Applying for agriculture equipment finance
To request a quote, complete the enquiry form below and a member of our team will contact you. If you’d prefer to discuss your requirements by phone, call 0115 858 1010. We work with a panel of specialist and mainstream funders, so we can compare options against your farm’s circumstances and the equipment you’re looking to acquire.
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Agriculture Equipment Finance FAQs
Can existing agricultural finance agreements be restructured?
Yes, restructuring existing arrangements is something we regularly help with, whether that's to improve cash flow, release capital tied up in owned equipment, or bring multiple agreements together. We'll review your current position and identify whether a restructure could work in your favour.
Can seasonal income be factored into my repayment structure for agriculture finance?
Agricultural income rarely arrives evenly across the year, and many lenders on our panel understand this. Where appropriate, repayment schedules can be arranged to reflect the seasonal nature of farming income, helping to ease pressure during quieter periods without compromising the overall agreement.
How does agriculture finance work?
We work with you and a lender to determine the required loan amount, with the lender specifying the terms and conditions. Following acceptance of the terms, you receive the full amount and typically make monthly repayments with interest over the agreed period. We also offer alternative structures such as seasonal payment options and asset refinancing for existing finance agreements.
How long does it take to arrange agricultural finance?
Timescales vary depending on the type of finance and the complexity of the case. Straightforward equipment finance can often be arranged relatively quickly, while secured lending or farmland purchases may take longer due to the additional checks involved. Having your paperwork ready from the outset will help keep things moving as efficiently as possible.
Is agricultural finance only available to established farming businesses?
Not necessarily. While an established trading history and strong accounts can make the process more straightforward, new entrants to farming can still access finance, particularly where a solid business plan and good personal credit history are in place. Our team will talk you through what a lender is likely to expect based on your situation.
What types of agricultural equipment can you arrange finance for?
We can arrange finance for a wide variety of agricultural assets, including tractors, combine harvesters, crop sprayers, hedge cutters, dairy herds, robotic milking machines, harvesters, woodchippers, stump grinders, and loaders. Finance is available for both new and used equipment, whether supplied by a specialist dealer or purchased privately.
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