The UK’s leading SME lender for the rural and agricultural sector has joined the Alternative Business Funding platform, to offer its expertise in rural finance to farmers and the rural economy across England, Scotland and Wales.
UK Agricultural Finance (‘UKAF’) offers loans from £100,000 to £10m, over one to seven years, with a maximum LTV of 65%. The organisation joined a select group of alternative finance firms on NatWest’s Capital Connections panel last year, becoming the 10th lender and first industry specialist on the panel, and is now thrilled to be joining Alternative Business Funding to offer its services to the broader SME market.
Colin Pearce of Alternative Business Funding said: “Alternative Business Funding are really excited that UKAF has joined our panel, enabling us to extend our range and offer farmers even more specialist funding options, from a lender that is the established expert in this sector.”
Typical loans where UKAF is well placed to assist include:
Diversification, to build new businesses
Purchasing land when additional acreage or a unique property opportunity may come available and often at short notice
Finance to develop, renovate or repair property for capital appreciation and income generation
Renewable energy projects can be a great source of additional income and add real value to under-utilised land on a farm, or even turn waste products into revenue
Livestock finance to expand the herd
Recovery and restructuring funds are needed when financial pressure is acute, and a facility can provide a window to take control and rationally plan
Enabling tenant farmers with a right to buy their land to secure the property
Generational transfer that helps farming families looking to transfer their farm to the next generation achieve this
Robert Suss, Co-Founder of UKAF said “Given the uncertainty of Brexit there is a continued drive to diversification in the rural community with an increase in the rural community looking at strategies to buffer the potential change in subsidies. We are thrilled to be joining the Alternative Business Funding platform as an enthusiastic supporter of farm diversification ABF gives us additional reach to providing farmers access to capital to diversify, sustain, grow and improve their businesses.”