What Are Farming & Agricultural Bridging Loans?
Farming & Agricultural bridging finance is designed to help agricultural borrowers who are looking to refinance property and land or expand their business.
This type of bridging loan provides you with the time needed to restructure farm finances and obtain alternative longer term finance; enables you to settle creditor debts; business diversification; purchase and construct agricultural buildings.
Who Can Apply for Agricultural Bridging Finance?
If you are the legal property owner, you can apply for farming and agricultural bridging finance. The property and land needs to be in the UK and finance is accessible to both UK and Foreign Nationals.
Borrowing is available to Individuals; Trading Ltd Companies; Special Purpose Vehicle (SPV); and Offshore Borrowing Vehicles.
Farming Bridging Loans
Farming & Agricultural bridging finance is designed to help agricultural borrowers who are looking to refinance property and land or expand their business. There are a number of reasons why a farmer may take out an agricultural loan UK these include:
Farming bridging loans can be used to purchase agricultural land or property, such as a farm, farmland, or livestock facility. This is useful for farmers who are looking to expand or diversify their business.
An agricultural bridging loan can be used to purchase new or used farm equipment, such as tractors, harvesters, and other machinery.
If you are looking to carry out renovations on existing farm buildings or construct or purchase new ones a bridging loan can be used to provide you with the funds needed to complete the work.
Livestock holds real value that can be leveraged for financing. Existing livestock can be used as collateral to take out bridging loan finance which can help you acquire additional livestock.
Agricultural bridging loans can be used to consolidate farm debts, helping streamline your repayments and reduce your interest costs.
This type of bridging loan provides you with the time needed to restructure farm finances and obtain alternative longer-term finance.
Farming bridging loans can be secured against both farm and agricultural buildings and farmland. The main benefit of bridging finance is the speed at which funds can be made available to the borrower. A lending decision can be agreed within a couple of hours of us receiving the initial enquiry and funds made available within days.
Agricultural Bridging Loans
The very nature of agriculture means that farms are often prone to financial shortfalls. When this happens an agricultural bridging loan could provide you with access to the short-term funding you need. Agricultural bridging loans offer farmers a number of benefits such as:
- Quick Access to funding: Agricultural bridging loans can be arranged very quickly, often within a few days. This is essential for farmers who need to seize an opportunity quickly, such as purchasing land at auction or investing in new equipment.
- Flexibility: Bridging loans can be tailored to the specific needs of the individual farmer. This includes the loan amount, repayment terms, and interest rates.
- Versatility: Bridging loans can be used for a wide range of purposes like purchasing more land, aiding diversification, and helping cover unexpected expense.
- Scale: Because they are available in a range of sizes from small loans of several thousand pounds to much larger amounts agricultural bridging loans are suitable for farms of all different sizes.
Along with these benefits an agricultural bridging loan can used to help a farmer help minimise risk by reducing reliance on a single crop or livestock sale while helping protect them against the effect of adverse weather or market fluctuations.
Bridging Loan Calculator
Try our bridging loan calculator here. Simply fill out the information and click “Continue”.
There are only three steps involved in the process and it should only take around five minutes to complete!
We’ll do the rest and contact you back with a bridging loan quote as soon as possible.
Agricultural Loans in the UK
Farmers and landowners can utilise agricultural bridging loans to access funds quickly using their existing land and property assets as collateral. This type of loan is tailored to offer a short-term financial solution for farming needs, typically spanning from 1 month to 3 years. The loan amount you’re eligible for is determined by the value of the security you can offer on your agricultural land or property.
Before making an application for an agricultural bridging loan, there are a number of things you should take into consideration. First and foremost, evaluate your financial needs and the specific purpose for which you require the loan.
It’s essential that you have a clear plan for utilising the funds. Assess the value of your existing assets and land, as this will directly impact the loan amount you can secure.
Thoroughly research and compare lenders to find the most favourable terms, including interest rates and repayment schedules. Furthermore, be prepared to provide comprehensive documentation, such as property appraisals and financial records.
Lastly, ensure that you have a clear exit strategy for repaying the loan within the specified short-term timeframe. Careful planning and due diligence are key to making the most of an agricultural bridging loan.
How a Short-Term Bridging Loan Can Help
What Type Of Property Is Acceptable?
Most types of property are acceptable for an agricultural bridging loan including…
- Farm Land
- Farm & Agricultural Buildings
Benefits of Bridging Finance
The main benefit of bridging finance is the speed at which funds can be made available to the borrower. A lending decision can be agreed within a couple of hours of us receiving the initial enquiry and funds made available within days. In a competitive and fast-moving property market this allows the borrower to act quickly and secure the investment property.
| Farming & Agricultural Bridging Finance Basic Criteria | |
|---|---|
| Loan To Value | Up to 75% |
| Loans Available | 1st & 2nd Charge |
| Loans Size | £50,000 to £25,000,000 |
| Terms | 1 Month to 60 Months |
| Adverse Credit | Acceptable |
| Rates | From 0.65% |
Our range of bridging loan solutions includes…
Why Use Pyxis Capital?
The Team at Pyxis Capital have extensive knowledge of bridging finance and take time to understand a client’s needs and requirements.
You will have a single point of contact from start to finish and will also be provided with direct contact details for one of our Company Directors.
Most importantly you won’t be left with the finding an Exit Strategy from your bridging finance facility. As this is something that will be researched on day one and if possible, agreed in principle with a long-term lender.