Supporting Farmers…

For farmers who are ‘cash-poor’ refinancing farm equipment or machinery could be a good option. This essentially means freeing up the cash value from assets already owned within a farm business and injecting much needed capital in other areas. This might sound like a risky option, however, if a farmer can access a good finance rate they will pay low monthly repayments. The profit they make from reinvesting the money helps them pay off the finance in lump sums as well as having money left over to reinvest.

Elliot our Agricultural Account Manager said, ‘The trick is to reinvest the money wisely and to pay back the finance as soon as possible, if you make minimum repayments and use the money irresponsibly you risk being worse off in the long run.’

For more information on our products and services or to get advice on how we can help support your farm, contact us below…

I would like to receive updates from Moorgate Finance on the products and services they offer.

01908 92 62 62 / info@moorgatefinance.co.uk