Agriculture finance can be described as financial services ranging from short,medium and long term loans, to leasing, to crop and livestock insurance, covering the entire agricultural value chain, imput supply, production and distribution, wholesaling, processing and marketing. In South Africa, agriculture financial services are provided by formal and informal financial institutions as well as through financial arrangements within the agriculture value chain.
Research has however shown that while the country depends heavily on agricultural production, the supply of financial services to the sector is inadequate,with,on average a mere 5 percent of domestic resources being allocated to the agricultural sector. One institution making a difference in this regard is Absa through its commercial asset finance.
Commercial asset finance is tailored to offer flexible finance solutions that allow you the freedom to structure repayments to suit your needs.Some of the features of this finance include repayment options such as instalment sale, rental and lease.You can choose between monthly, quaterly, half yearly and annual repayment terms. Rentals and lease agreements enable you to deduct instalments from tax for wear and tear allowances.
Benefits of this finance facility include negotiable and competitive finance rates as well as advice on structured and tax efficient cash flow.
To get the Absa commercial asset finance, Absa can be contacted on 0860040302.