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

