01604 969508
enquiries@abfltd.co.uk

All your agricultural financing questions answered

Alchemy Business Finance offers a viable alternative by offering asset finance, equipment refinance, and bridging loans for those short term needs.

Get Started
  • Simple, quick phone application
  • Finance from £10,000 to £5,000,000
  • Funding terms from 3 months to 5 years
  • Bad credit history, large debts – No problem!
  • High street banks unsupportive
  • Tenant Farmers welcome
  • Competitive Rates
  • Tax Efficient
  • Decision within 24 hours
  • Simple, quick phone application
  • Finance from £10,000 to £5,000,000
  • Funding terms from 3 months to 5 years
  • Bad credit history, large debts – No problem!
  • High street banks unsupportive
  • Tenant Farmers welcome
  • Competitive Rates
  • Tax Efficient
  • Decision within 24 hours

No matter what you need the funds for and however dire you think your financial position is contact us for a no jargon chat.

Call us on: 01604 969508, email: enquiries@abfltd.co.uk, or enquire online today. Our finance solutions are only available in England, Scotland and Wales.

Alchemy Business Finance Combine and Green Tractor
“My tractors gearbox broke without warning, I had no money to replace it. My bank weren’t willing to help so I rang Alchemy.

Alchemy had money in my account within 48 hours, they saved the day!”

J.Greer, Warwicks

Frequently asked questions

Does Alchemy Business Finance provide asset financing and refinancing?

Yes. Alchemy Business Finance does offer asset financing and refinancing.

Can we refinance the equipment, machinery or commercial vehicles the business already owns?

Yes, Alchemy Business Finance can help you unlock the capital in these items.

What items will Alchemy Business Finance fund the purchase for or refinance?

The funds you receive can be used for anything to do with your business.

Most equipment, machinery and vehicles can be refinanced no matter what its age.

How long are the agreements for?

Agreements run from 3 months to 5 years.

What information do I need to supply in my application?

Last 3 months business bank statements, utility bill and a form of photo identification.

How long does approval take?

This is normally achieved in 24 hours or less.

What can I use the money for when refinancing any equipment the business owns?

That is entirely up to you, we do not control this.

What security will be required to support the finance agreement?

Any agricultural equipment and any type of vehicle.

Who looks after the goods?

During the term of any lease you will be expected to pay to keep the goods insured and in good working order. We may ask to inspect the goods periodically.

How do I pay the monthly payments?

This has to be done by direct debit.

Does Alchemy Business Finance provide bridging loans?

Yes. Alchemy Business Finance does offer Bridging Loans.

When should I consider a bridging loan?

A typical scenario is when you’re looking at buying a property quickly or renovating a property and a mortgage is not available . A bridging loan provides this finance until other finance is put in place.

Other scenarios include the need for short term working capital.

How does a bridging loan work?

Short term funding for up to 24 months.

First charge on a property is used as security.

Strong exit plan to repay the loan in full is required to secure the funding.

Nothing payable until the end of the loan term so no impact on cashflow in the interim.

What is the typical duration of a bridging loan?

Terms range from 6 months to 24 months.

What interest rates are associated with bridging loans?

Depending on the current base rate and the clients specific scenario. They are typically in the range 1% to 1.5% per month.

What fees are involved in bridging loans?

Set up fees in the region of 1.5% to 3% depending if a 3rd party agent is involved. An exit fee is typically 1% of gross loan.

What is the loan-to-value (LTV) ratio for bridging loans?

Maximum 65% of gross loan (i.e net loan plus interest and fees).

Who can apply for a bridging loan?

Anyone as long as you own a property and the loan is for business purposes.

Can I get a bridging loan with bad credit?

Each client is looked at on a case-by-case basis.

What are the repayment options for bridging loans?

Funds and all interest and fees repaid at the end of the loan term.

What is required as security for a bridging loan?

First charge on a property.

Can I use a bridging loan to buy property at auction?

Yes.

Are bridging loans suitable for property development?

Yes.

How quickly can I access funds from a bridging loan?

They can be completed as quickly as 2 weeks but more complicated cases where property title isn’t clean can take several months.

What are the risks of taking out a bridging loan?

The exit plan to repay the loan can’t be completed. This could put your property used as security at risk.

Can I use a bridging loan for business purposes?

With Alchemy Business Finance Ltd they can only be used for business purposes.

What happens if I can’t repay a bridging loan on time?

There is default interest which is higher than the initial contract interest . If an exit can’t be achieved in a timely manner then your property could be at risk.
“Fast, easy to communicate with and no tick box bureaucracy. Breath of fresh air!”

T.Brown, Pembrokeshire

Alchemy Business Finance Farmer Feeding Cows in Snow

When you need us, we’re here to help you

Alchemy Business Finance Blue Tractor and Closed Bank
  1. Get in touch to see how we can help
  2. We’ll discuss your options
  3. Complete a short application to proceed
  4. Get your decision within 24 hours
  5. Funds are typically paid out within the next 48 hours

Call us today on: 01604 969508, email: enquiries@abfltd.co.uk, or complete the form to get in touch.

Our finance is only available to agricultural businesses based in England, Scotland and Wales.

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