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Rural Finance
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Savvy Editorial TeamFact checked
Farmers and others running their own rural business are often required to juggle many different needs all at once. Fortunately, if you’re in need of a helping hand when it comes to paying for vehicles like tractors, equipment, machinery, livestock and more, Savvy can help your business achieve its financial goals.
We’re partnered with lenders from around Australia, so our team of dedicated consultants can find the best deal available through our partners and do the heavy lifting for you. You can start the process today by getting a free quote.
Why choose Savvy when you need rural finance?
Your farm is unique
When your time is short
Running a farm goes from dawn 'til dusk, seven days. We'll work to get finance arranged and funded quickly.
Full range of products
Farms have a range of needs. Whether vehicle, plant, or livestock lending, look no further than Savvy and save time.
What are my rural finance options with Savvy?
Livestock finance solutions
Livestock loans are designed to make sure the ups and downs of seasonal cash flow don't impact your herds' wellbeing or quality. This type of lending is secured against your stock, so the rates are more favourable than unsecured loans. You're free to use funds to maintain herds, add to numbers and even pay for veterinary costs and feed. Livestock finance is a great way to ensure that come Spring, your cattle and sheep make it to market in tiptop condition and attract the best prices per head.
Farm equipment finance
At Savvy, we deal with reputable lenders that offer a wide choice of vehicle, machinery, and plant finance options for farming and agribusinesses. Depending on the nature of your business and needs, you can opt to lease or loan a variety of farming equipment. From utes and trailers to heavy trucks and harvesters, choose from chattel mortgage vehicle finance if you want to own equipment in the longer term or an operating lease if you need to upgrade machinery frequently.
Short-term farm finance
Cash flow is the lifeblood of any business, and farming is no different. In fact, the seasonal nature of agriculture demands more flexible shorter term financing options than many other businesses. Whether you need to access invoice lending or look at an alternative source of finance, Savvy's rural finance partners offer a selection of products with farm finance in mind.
Acreage loans and hobby farm finance
When you need to expand, a Savvy rural finance consultant can help you figure out your situation and which lenders suit your plans. Specialist acreage loan providers generally offer commercial products with more scope than home loans for rural finance and land purchases. Whether that's a sizeable cattle farming concern down in Victoria or a profit-making country retreat up in Queensland, Savvy partners with home-grown rural loan providers to suit.
Your frequently asked questions about farm finance options
Yes – we understand farming doesn't always play by the rules. Several great seasons can be followed by a few less profitable ones and specialist farming finance lenders know that too. If you don't have all the documents you'd need to qualify for a standard loan, your Savvy consultant can discuss your low doc finance options with you.
The answer to this depends on your business’ current financial position and whether you wish to own the asset you’re purchasing long-term. For instance, if you wanted to use a tractor for a few years but upgrade to a newer one down the track, you’re likely to be better off with an operating lease. If you were a big fan of the tractor and planned to own it from the outset, you should look at chattel mortgage options. Lease payments are cheaper than loan payments, but it’ll cost more overall to continually lease an asset than buy it outright.
Yes – there are specialist lenders who can offer favourable repayment options to businesses operating seasonally. For instance, if you're funding livestock, you may be able to arrange your repayments to be structured around the buying and selling or breeding cycles. With arable farming, repayment terms might be tailored to the sowing, growing, and harvest seasons.
Yes – farms can access loans for the vehicles and machinery they need to run operations, but they're also free to use funds to buy a range of other assets. That could be computer equipment, food processing plant, or even improvements to fencing or cattle grids.
Like most other sectors, farming has its own set of specific financial headaches. That's why it's essential to stick with lenders who understand how you need to borrow and when flexible repayment options are necessary. Savvy's commercial finance consultants are experts at matching borrowers with lenders, saving you money, and reducing the time it takes to access funds.
Your commercial finance options
Purchasing a car or another asset for your business? Chattel mortgages function in the same way as a standard car loan but offer a range of tax benefits to save your business money in the process.
Many companies require highly valuable equipment to help them operate, but they don’t come cheap. Equipment finance can help your business manage the cost of valuable plant or machinery.
If you’re looking to purchase a truck for your business, you can access specialist financing to help you buy it the right way. Truck finance can help you buy the vehicle you need, big or small.
You can take to the skies with an aircraft lease or purchase. Select your ideal model and repayment conditions and compare offers from trusted lenders to help you find the best rate.
Whether you need a new POS system, computers for your office or an enhanced security network to be installed around the premises, you can find the solutions you’re looking for with technology financing.
Farmers and those in the agriculture need a range of specialised vehicles and equipment to operate. Seeking out agriculture finance could be the solution you need to make the purchase happen.
You may not want to commit to the purchase of your vehicle or equipment just yet. Operating leases come with a variety of key benefits, such as having on-road costs built into your tax-deductible payments.