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Greenwood Capital

Agricultural Asset Finance

Where else could you get over £700,000 in under 2 hours?


For most businesses, it isn’t every day that somebody calls you to get funding for more than £1/2m of business assets and even more rare that they were looking for that funding so quickly - today!


Just such a case occurred in November this year when a farming / agricultural contracting firm that had been established for 30 years, contacted us to see if we could help them fund the purchase of 4 new lorries. One of our people discussed their current requirement with their FD, who explained they were looking to upgrade their existing fleet of lorries to meet the demands of transporting materials and goods to their customers.

These days in the digital world, we can validate the credentials of a business on-line and immediately access all the documents and checks that our lenders need to be able to prepare a lending application.


At Greenwood Capital we know who to go to for different types of lending and this one compared to some, was a straightforward asset backed lend (ABL) to enable the purchase. The customer sent through their documents and invoices for the 4 new lorries which cost £710k combined. We were able to secure them a 60 month loan deal with a 5% deposit and VAT deferral at a competitive interest rate. After writing up a credit paper and presenting to the most appropriate lender the deal was approved within 2 hours.


We know that agricultural, farming, fishing and extractive industries as well as logistics businesses need to invest significantly in vehicles and equipment and usually therefore there is some form of finance needed to keep these businesses moving. Our approach is always to get close to our clients to better understand their needs so that we can introduce the right financial partner for them. There are a panel of lenders that we work with, and each has preferred lending types and criteria that they need to be fulfilled. We know what questions they will ask and what boxes need to be ticked before lending of any type can take place and that is our skill and expertise.


If you have an agricultural, quarrying, mining, farming or fishing business and you’d like us to have a look at how your business is funded then please just let us know and we’d be delighted to meet you and invest some time FREE of charge to see how we might be able to help.

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