Example of Asset Refinancing: £10,000 for livestock purchase

Location: Nr-Aberdeen, Scotland

General Background

This hilltop farming family wanted to increase their beef herd from 40 to 55 head. They needed new funds to achieve this as purchasing through cash flow would have taken several years.

Finance Background

Partnership
Property owned with 70% mortgage
Small profit in business for last 2 years
No overdraft
No relationship with High Street bank as local branch had closed

Alchemy Funding Approach

Type: Sale & Leaseback
Term: 60 months
Funding security to value: 50%

Security

Polaris Ranger
Mower
Tedder
10 cows

Rate

5.33% net