Understanding What A Secured Business Loan Is With Rural Asset Finance
Secured agricultural business loans are a type of financing where the borrower pledges an asset as security for the loan. This security reduces the lender’s risk, often allowing for lower interest rates and higher borrowing amounts. At Rural Asset Finance, we specialise in providing tailored secured business loans designed to meet the unique needs of rural and agricultural businesses. Whether you’re looking to expand your operations or manage existing debts, our expert team is here to support you every step of the way.
The Purpose of Our Secured Agricultural Business Loans
Our secured business farm loans are designed to offer flexible financial solutions for a variety of needs, including:
- Borrow Against Owned Land or Buildings: Unlock the value of your existing assets by borrowing against them, providing you with essential liquidity without the need to sell.
- Refurbish or Develop Existing Buildings to Create Value: Enhance your property’s value and functionality by investing in renovations or new developments.
- Reconstruct Existing Business Debts: Simplify your financial management by consolidating your debts into a single, manageable loan, potentially reducing your overall interest rates.
- Purchase of new Land and Buildings: expand your farm business by purchasing new land and buildings
- Amount – £25,001.00 – £5,000,000.00
- Loan to Value Limit – 75% maximum
- Borrower – Sole Traders, Partnerships, Limited Companies and Trusts
FAQs About Secured Agricultural Business Loans
Can I borrow money against my farm?
Yes, at Rural Asset Finance, we understand the unique value of agricultural properties. You can leverage the equity in your farm to secure a loan, providing you with the capital needed for various business ventures. If you have any questions about this, then feel free to get in touch with us today and the team would be more than happy to help.
What information is needed for a secured loan?
To process your secured loan application, we will need detailed information about the asset you plan to use as collateral, including its current value and ownership status. Additionally, we’ll require standard financial documents such as your business’s financial statements, proof of income, and a comprehensive business plan outlining the loan’s intended use.
Can I transition from a business loan to asset refinancing if my needs change?
Absolutely. If your financial needs evolve, we can help you transition from a traditional business loan to asset refinancing. This flexible approach allows you to optimise your financing strategy and better align with your current business objectives. If you are interested in finding out more about our refinancing options, please visit our dedicated refinancing page.
Enquire about our Secure Business Loans Services Today
At Rural Asset Finance, we are committed to helping rural businesses thrive. Our secured business loans provide the financial support you need to achieve your goals. Contact us today for expert advice and assistance tailored to your unique situation. Our team is ready to help you navigate the loan process and secure the funding you need for your business’s success.
For expert help on your secured business loans, contact us today or use our finance calculator to work out example repayments on the amount you are looking to borrow and take the next step towards getting your business loan.
Phone:
0345 0303 475
