That’s why we’re keen to fund your farming ambitions.
Getting quick access to additional funds shouldn’t require a matching outfit and a trip to the bank. Figured Lending is on the job. Because we know you’re on top of your numbers. We’ve teamed up with Heartland Bank to give Figured farmers quick access to pre-qualified funding up to $100K.
In partnership with Heartland Bank, Figured Lending is now available to eligible farm owners and 50:50 sharemilkers, by offering a competitive livestock financing solution.
Funding up to 80%, secured against the livestock, and interest rates starting from 9.45% floating
Applicants must meet the following criteria:
You’re a Dairy Farm Owner or Sharemilker
You have access to an active Figured account on a Farm Manager subscription
You are over 18 years old
You are a New Zealand Citizen or Permanent Resident
Your business is a registered New Zealand business (with a valid NZBN/IRD number)
Applicants must also pass satisfactory AML/identify checks and demonstrate a satisfactory credit history on all business directors/guarantors. An SSA will be required over the livestock and in some instances, a GSA and / or personal guarantee may also be required.
You must have an active Figured account and completed a 12-month forecast for the new season.
To apply for a Figured Livestock loan, simply:
Add your 12 month cashflow forecast within Figured
Make sure your stock trackers are up to date
Complete the application form (5 min, promise)
Your loan could be pre-approved within 72 hours*
*Heartland Bank Limited’s lending criteria applies and approval time depends on when supporting documents are provided. A GSA and personal guarantee are required. Lending for any vehicle over the value of $5,000 is subject to a SSA.
**Applications above $100,000 do not fall within Figured Lending’s standard approval process and will be referred to Heartland Bank Limited's credit team for review. Alternatively, up to $100,000 could be covered by Figured Lending with the remainder paid directly to supplier.