The challenge:
A cattle farmer wanted to take advantage of a market boom by increasing herd size, but most lenders require equity and land security or can only offer 50% of livestock value.
The outcome:
The Cattle farmer acquired 100% livestock financing via Aglend’s vast credit network, which includes at least two lenders extending 100% credit on trade cattle.
Our client wanted to take advantage of a livestock market boom that triggered a steep price rise. To do so, he needed to significantly increase herd size.
Most banks use land equity or accept 50% of livestock value as security.
However, the livestock grazier had limited equity which represents a red flag for his current lender.
In fact, most conventional lenders follow guidelines that define the number of livestock loans they can extend.
Fortunately, Aglend Finance counts at least two lenders who extend 100% livestock financing on trade cattle.
Aglend’s finance consultants visited the grazier on-site to assess current livestock health and numbers and offer advice and financial strategies on increasing herd size. The consultants even assisted during the scanning of the cattle’s ear tags.
Aglend was able to source 100% livestock financing for the grazier. This allowed the cattle farmer to significantly increase headcount during favourable seasons and prices.
