Your specialist agricultural lender at Royal Cornwall Show
After what has been a very strange and challenging time for many over the last two years, UK Agricultural Finance is proud to have been the support network needed throughout the pandemic for many rural communities. UK Agricultural Finance is a specialist agricultural lender and as such has a deep understanding of the rural communities they work with. During the pandemic, they worked hard to help support their clients both old and new through what were unprecedented times.
As a responsible lender to the agricultural community, UK Agricultural Finance helps people to fulfil their renewable farm opportunities. Their unique and bespoke service takes a traditional and personal approach, with a team dedicated to certain areas of the country. Instead of impersonal video calls, the team will visit you on-site to discuss your needs and ensure they get a much better grasp of the project you are hoping for. Despite many lenders moving to online or virtual-only meetings following the pandemic, UK Agricultural Finance has remained strong in its belief that on-farm visits are key to ensuring they can find the most appropriate financing for their clients. During on-site visits, each client meets with their dedicated point of contact for the business and this person will remain with them throughout their journey with UK Agricultural Finance. Farm visits allow their team to better understand the situation and challenges facing that farmer and from there develop a financing plan which is most suitable for the client’s needs and goals.
Example Renewables Project – Bridge loan for £2,600,000 for a Hydro Project
Why did the borrower need the loan?
The farmer had a FiT for a 600kW high-head run-of-river plant on their land in Scotland.
Why couldn’t they raise funds from traditional lenders?
Other offers of finance wanted a large portion of the project equity, in addition to interest charges.
Why were we selected?
Our team has substantial experience in hydropower (and renewables).
What did we see that others didn’t?
We were quickly able to confirm that the project was in a good catchment area, with a simple construction process.
What is the expected exit?
Once the project was operational, the client secured a low-cost long-term loan from the high street, repaying our loan early, and penalty-free.
Senior manager for Devon and Cornwall Tracey Simm will be attending the Royal Cornwall show and is happy to meet with those looking for loans or introducers who may be struggling to place a loan for a client. Tracey said: “We are thrilled to have been able to carry on supporting our rural communities over the past few years of uncertainty. With events coming back again, it really is exciting to look to the future and we are very much looking forward to seeing everyone at this year’s Royal Cornwall Show.” Get in touch with Tracey today to see how UK Agricultural Finance could help you.
If you would like to get in touch with Tracey to arrange a meeting or discuss your needs her details are:
07898 677 648 – Tracey Simm
tracey@ukagriculturalfinance.com
You can get tickets for the Royal Cornwall Show here