£10,000 for livestock purchase

Location: Nr-Aberdeen, Scotland

General Background

This hilltop farming family wanted to increase their beef herd from 40 to 55 head. They needed new funds to achieve this as purchasing through cash flow would have taken several years.

 

Finance Background

  • Partnership
  • Property owned with 70% mortgage
  • Small profit in business for last 2 years
  • No overdraft
  • No relationship with High Street bank as local branch had closed

Alchemy Funding Approach

  • Type: Sale & Leaseback
  • Term: 60 months
  • Funding security to value: 50%

Security

  • Polaris Ranger
  • Mower
  • Tedder
  • 10 cows

Rate

  • 5.33% net

Location: Nr-Aberdeen, Scotland

General Background

This hilltop farming family wanted to increase their beef herd from 40 to 55 head. They needed new funds to achieve this as purchasing through cash flow would have taken several years.

 

Finance Background

  • Partnership
  • Property owned with 70% mortgage
  • Small profit in business for last 2 years
  • No overdraft
  • No relationship with High Street bank as local branch had closed

Alchemy Funding Approach

  • Type: Sale & Leaseback
  • Term: 60 months
  • Funding security to value: 50%

Security

  • Polaris Ranger
  • Mower
  • Tedder
  • 10 cows

Rate

  • 5.33% net

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