Modern farms are having to work harder than ever to be productive, efficient, safe and cost-effective. Increasing regulatory burdens mean that health and safety is more important than ever, while pressure from cheap overseas imports is forcing agricultural businesses to review their competitive positioning and offers. Changing customer demands offer as many opportunities as they do challenges; at the same time, modern technologies offer increasingly better ways to deliver a financially-sound, well-managed and safe agricultural business.
Diversification is often the key to successful modern farming businesses, with many owners experimenting with a broad array of different revenue streams to avoid being too heavily committed to a single crop or an income stream that may become compromised without notice. Areas as diverse as organic food boxes; glamping tents, eco-pods and B&B accommodation for farming holidays; lavender farming; bee-keeping; and biodynamic farming for premium prices are all being investigated by profit-minded farmers who wish to ensure the viability and long-term sustainability of their operation.
Smart technology implementation is also helping farm businesses to operate in new, efficient and high-quality ways, stripping out waste, optimising technical and administration processes, boosting productivity, and maximising resource utilisation; however, these areas of opportunity – technology deployment for a better business and diversification for new revenue streams – all cost money. For many agricultural businesses, ready financial reserves may simply not be available for this investment. No business wants to risk depleting its safety buffer and leaving it exposed to unexpected costs.
A better way to finance business plans
Century Business Finance offers ready business loans to agricultural businesses that want to invest in their business for growth and success. Whether modern technologies and systems are needed, training for new product lines, new stock investment or asset refinance required, we can help.
We offer unsecured business loans from £25,000 to £500,000 for all business investment needs at low interest rates from 4.8 per cent. Fixed repayments help you to plan and budget for your business and there are no fees to pay, including no early repayment fees. Choose a repayment period of six months through to five years, depending on your needs, with flexible terms that work around the needs of your business.
We also offer asset finance from £20,000 up to £1m. You can even invest in new building works, with repayment periods of up to seven years and no nasty end-of-term surprises.
Ready to lend
We accept nine out of ten customer applications and make a lending decision in just a few hours. The application form is a short online process, with no meetings required or complex paperwork. Even better, the funds can be in your bank account on the following day, ready to use for your next project or investment without delay.
Our friendly and expert finance team is here to help you. Contact us today for a no-obligation chat and to discuss your personal circumstances. We are here to answer any queries and to help you progress your loan application for an immediate lending decision. Call or complete the web callback form and we will get in touch at a time that suits you.