Farm

UK Agricultural Finance lends £260,000 to family business



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UK Agricultural Finance has provided a £260,000 term loan to help a farming family in Kent restructure their borrowing and refurbish their farm shop.

The loan was provided at 45% LTV over a 36-month term.

The fifth-generation farming family reared rare breed livestock, sold produce and were supported by the government’s higher-level stewardship scheme.

The business was also supported by highly productive land with good road access to a number of other farms.

The client had an application to extend their facility declined by their initial lender.

UK Agricultural Finance found that the business was well-run with accounts and financial affairs well organised and provided the financing in a matter of days.

Graham Noble, co-founder of UK Agricultural Finance, said: “Our specialist agricultural underwriters enjoyed meeting a committed farming family, which helped us make an informed, responsible underwriting decision to provide much-needed rural finance to allow this family to sustain, grow and improve their business.”

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