Agriculture
Case study
A pig farmer on a fattening contract with Waitrose is paid every 12 weeks for the pigs he has under his management for that supermarket. He purchased a new JCB loader and did not want his finance repayments to commence until after he had been paid for the next batch of pigs. ECF set up the deal with no cash deposit requirement and payments quarterly, commencing in three months time – thus giving the farmer the 12 weeks holiday to match income.
ECF’s core business and most active sector. A full product range available for all customers purchasing farmland and buildings, agricultural tractors, harvesters, loaders and 4x4s to name but a few. Hire Purchase, Secured Loan and Lease Purchase are the most popular agreement types in this sector giving good tax management tools to the business together with cash flow matched monthly, quarterly, half yearly and annual repayment schedules. Bespoke seasonal or customer revenue matched schemes are our speciality.