Agriculture is characterised by strong cyclical trends. We offer structured advances and loans, which take the effects of these cycles into account. Whether you need to acquire new property, finance equipment or fund operating expenses, we have a solution to meet your requirements, such as overdrafts, asset finance, medium--term loans or the business revolving credit plan.
The table overleaf provides information on the finance options we provide. For example:
- Working capital should be financed with an overdraft.
- Fixed assets should be financed according to their economic life span.
- Movable assets should be financed by asset finance over the same period or shorter as the write-off period for tax purposes.
- Fixed property can be financed up to 15 years with a medium--term loan. In this case a bond is usually required as security.
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Choose the right finance |
Kind of finance |
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|
What you need the money for: |
Overdraft |
Business revolving Credit Plan (BRCP) |
Business Term Loan |
Medium Term Loan |
Agricultural Production Loan |
Vehicle and asset finance |
|
Working Capital |
Yes |
Yes |
No |
No |
No |
No |
|
Input costs, crops, livestock |
Yes |
Yes |
No |
No- |
Yes |
No |
|
Implements, machinery and other capital equipment |
No |
Yes |
Yes |
Yes |
No |
Yes |
|
Office equipment |
No |
Yes |
Yes |
Yes |
No |
Yes |
|
Vehicles |
No |
No |
No |
No |
No |
Yes |
|
Property |
No |
No |
Yes |
Yes |
No |
No |