How It Works

Import Finance

Step 1

Farmer identifies the machine they wish to buy on the continent

Step 2

Farmer approaches Farmcash to manage the purchase and delivery of the machine.

Step 3

Farmcash provides quote for machine. Quotation to include:

  • Provide bridging finance to enable payment for goods before despatch until payment from UK based finance company.
  • Management of exchange rate and cost.
  • Management of haulage costs and process
  • Customs clearance & VAT deferral.
  • DVLA registration ie NOVA processing and log book procurement for road registered vehicle tractors, combines, foragers etc.
  • Finance quotation and preparation
  • Optional extras such as machine appraisal, inspection etc
Step 4

Once price of machine has been agreed and quote accepted, Farmcash manages the process of the chosen machine to be delivered to the farmers yard.

Step 5

Machine arrives on Farm enabling Finance company verification, DVLA registration etc.

Input Finance

Step 1

Appointed suppliers (clients) offer FarmCash invoice finance product with a pre-approved credit limit to their farming customer base as part of overall sales process

Step 2

Supplier submits customer application form or online with full customer information for underwriting

Step 3

Credit facility confirmed by FarmCash, supplier raises invoices, agrees repayment profile with customer who signs Notice of Assignment letter and completes Direct Debit schedule and Mandate

Step 4

FarmCash makes payment to supplier in accordance with scheme selected, less contra charge for fees

Step 5

Customer makes payment direct to FarmCash as per Direct Debit schedule

Step 6

FarmCash notifies customers monthly by text or email of outstanding balances and due payments

FarmCash Ltd | Company reg no 14016448
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