Comprehensive Farm Equipment Finance Solutions
When you run a farm, your equipment should be working and in good condition, right? Sometimes you can’t afford the inconvenience of repairing equipment, so you want to make sure everything is in tip-top shape before it breaks.
How can you do it? What if the worst-case scenario comes true or your most important tools need to be upgraded? In these cases, farm machinery finance is the best option you may have.
At Westend Finance, we go to great lengths to seek out the best farm machinery loans for our clients, always considering their needs and offering a hassle-free process.
Comprehensive Farm Equipment Finance Solutions
When you run a farm, your equipment should be working and in good condition, right? Sometimes you can’t afford the inconvenience of repairing equipment, so you want to make sure everything is in tip-top shape before it breaks.
How can you do it? What if the worst-case scenario comes true or your most important tools need to be upgraded? In these cases, farm machinery finance is the best option you may have.
At Westend Finance, we go to great lengths to seek out the best farm machinery loans for our clients, always considering their needs and offering a hassle-free process.
Full-Featured Farm Machinery Loans
Our team knows the market. Therefore, our specialists can find a comprehensive farm machinery finance solution with all the features you are looking for to enjoy the peace of mind you deserve! Are you ready to find the loan you need to achieve all your objectives? Read on!
Steps You Should Take
To help you find the best financing options, we follow these steps:
Borrower Check
In this step, we have to evaluate certain aspects, such as your geographical location, time in business, and background. Our specialists can also help you define your financial goals to find the best loan.
Define Your Plans
Then, in the second phase, we must determine what type of farm machinery you hope to buy, if you want to purchase through a dealer or private seller.
Market Research
Once we have all the information we need regarding what you are looking for, we can get to work! It’s time to start looking for lenders serving the farming industry to find a loan that suits your needs and requirements while protecting your credit history and maximising your cash flow.
Documentation Handling
The next step is to prepare all the documentation to request the loan that will allow you to acquire your farm machinery. Again, our specialists help you handle all the paperwork, so you don’t miss anything!
Application!
In the last step, we review the lender’s proposal, define if it benefits your financial goals, and fine-tune the details! After that, you will have your machinery equipment in less time than you think.
Regardless of the industry your company operates in, you may need business equipment finance at some point.
Many believe that the process of finding the right solution is complicated. However, when you have help, you can get a business equipment loan in less time than you think.
We can lend you a hand! At Westend Finance, we have a team of expert business finance professionals who can help you find the right loan to buy the equipment your company needs.
If you choose us, these are some of the benefits you can enjoy:
Best Rates
We go to great lengths to ensure you get equipment finance with a competitive interest rate that matches your business life cycle, the type of equipment you are buying, and the loan pathway taken to reach unconditional finance approval.
We know that the interest rate has a bearing on the total cost of the loan and the repayments you make every month. With this being said interest rates should not be the primary factor in determining if you have the best finance package. Commercial equipment finance interest rates are set according to many different variables from age of the equipment, how long your business has been trading and registered for, if you’re a property owner or renter, what deposit you can contribute to the purchase, and the loan pathway taken to achieve finance approval.
Our difference is, we will take the time to understand your business and what you are looking to achieve. Sometimes this may mean you only have one lender that can offer finance to you, because you may have just started your business and will be buying older equipment to start. Whatever your situation we will present the options, so you fully understand the cost and benefit to your business.
Frequently Asked Questions
Among the different finance options we can get, there are:
- Chattel mortgage
- Commercial hire purchase
- Finance lease
- And more!
equipment finance and hope to find the best farm machinery loans on the market.
There are many financial options on the market. If the funding you get is to buy farming equipment that will be used to generate income, you may get access to tax benefits! However, remember that its always best to discuss this with your accountant.
No, we work with private lenders and major banks to be able to provide our clients with comprehensive financial solutions and have more options available when choosing one that suits their needs.
Yes, you can! We can find a farm equipment loan according to your purchase plans, whether you plan to acquire farm equipment from a dealer, private seller, or auction house.
Obtaining farm machinery finance can be very beneficial for your business in multiple ways. First, it has an impact on your cash flow. Also, it can fund capital outlay and often mitigate the tax burden in some cases.
In the world of finance, a secured loan requires the borrower to provide the lender with “security” or collateral. When you get a farm machinery loan, you are giving that equipment as security for the financing. Therefore, if you cannot cover the monthly repayments, the lender can take ownership of those assets.
Yes, of course! As part of our professional service, we offer first-class advice to our clients. Each member of our team has extensive experience in finance and can connect with other funders who offer to finance new ventures or specialised assets that traditional banks may not cover.
After receiving all your details, we do our best to get you approved quickly! In most cases, we can get a positive response in just 24 hours.
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