How to Obtain a Rural Agriculture Loan Quickly and Easily
- Author Ray Ethell
- Published January 14, 2023
- Word count 359
Rural Property Loans
Agriculture is a major sector for the Australian economy contributing 12% GDP. 307,000 people are employed in the sector that earns $155 billion-a-year. The numbers clearly show that agriculture is a big business and like every other owner of a huge business, farmers often have to seek quick and affordable finance.
Rural Funding Requirements
If you are looking at expanding your farm business, or just looking to better manage your business, here is a list of funding situations where you can use a Rural Property Loan:
You may be looking at buying a neighbouring property
You are a livestock producer looking to purchase vet supplies
You may want to increase your livestock numbers
You may need to buy cropping supplies (e.g. weed spray or fertiliser)
You are looking to purchase, upgrade or replace your farm or business equipment
You may need to meet your seasonal expenses
You would like to consolidate all your agriculture finance into one loan, making your finance simpler and more cost effective
You may need drought survival assistance
Summary of Rural Loan Options
Here is a list of agriculture loans that have been specifically designed by specialised lenders/credit providers to address the specific needs of your farming business. These loans are also more flexible than other loans:
Farm Term Loan: It is an ideal loan when you are considering capital improvement or purchasing property.
Livestock Finance: It is specifically designed to enable you to invest in your livestock breeding. The loan has flexible repayments that can suit you cash flow.
There are other Agriculture loan options available to you, and these are:
Private Rural Finance: The loan type will provide you with the required working capital to fund any short-term production costs and to cover any cash flow shortfalls.
Equipment Finance: The loan type provides you with the options to purchase, upgrade or replace your farm or business equipment. The options are either a finance lease, asset purchase or an equipment loan.
Why Contact a Finance Broker?
Farmers need specialised advice from experts who have the right industry experience as well as having a thorough knowledge of the changing economic and market conditions.
Ray Ethell offers a wealth of experience to his clients, gained from 20 years in the Finance industry, and prides himself on providing reliable customer focused service. Non Conforming Loans specialise in non bank lending solutions.https://articlebiz.com
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