Cardiff-based Intelligent Loans has partnered with specialist lender UK Agricultural Finance (UKAF), which will see the business provide bridging and term loans to farmers nationwide.
UK Agricultural Finance provides a range of non-regulated loans secured against agricultural land and property across England, Scotland and Wales. It offers loans from £100,000 to £10m, with terms from one to seven years and a maximum loan-to-value of 65%.
UKAF’s financing is used to help farmers diversify, acquire more land, buy more livestock, restructure their businesses or build renewable energy projects. It also helps families with generational transfers and provides tenant farmers with capital to purchase their farm.
Alun Winter, managing director of Intelligent Loans, said: “We’re hugely excited to announce our partnership with UK Agricultural Finance and we’ve already begun working closely with their team to enhance our proposition.
“We look forward to enabling more UK farmers to achieve their growth objectives and gain a greater foothold in such a thriving industry.
“We’re committed to offering a flexible and diverse product range to our intermediaries and, with the addition of UKAF to our lending panel, they’ll be able to provide their clients with more choice and take advantage of the increasing number of loans being processed within the agricultural market.”
Robert Suss, co-founder of UKAF, said: “We are very pleased to be working with Intelligent Loans.
“As a principal lender providing traditional, responsible lending to farmers and the rural community throughout Britain, we needed a provider that shared our values of transparency, simplicity and speed, while having specialist lending expertise and an extensive network – Intelligent Loans ticked all the boxes.”