Opportune Moment To Launch TFA Business Finance Scheme
20/09/06

The Tenant Farmers Association has negotiated a new business finance scheme for its members in conjunction with BHF Finance which is the trading name of The Hardware Federation Finance Co Ltd. It will be launched to members at the Dairy Event, Stoneleigh (photo-call on stand 512, cattle shed 1 at noon on Wednesday, 20th September).

Dairy Event

TFA Chief Executive, George Dunn, explained, "Tenant farmers without owned land and houses as collateral can find it difficult to secure loans. I am delighted to be able to launch the TFA Business Finance Scheme to our members; especially now when finances have been stretched, often beyond the limit, due to late Single Payments. The Scheme can be tailored to the needs of tenant farmers. As a trade association-owned finance company I believe BHF understands the needs and aspirations of members approaching their association for finance."

The TFA Business Finance Scheme is primarily suited for fixed asset capital finance but can be interpreted in many ways - machinery, tractors and other vehicles, equipment, alarm and security systems, fixtures and fittings. Personal loans are also available for many purposes, like furniture or home improvements but it is not designed for purchase of land and buildings. Rates will vary with market conditions but once fixed remain unaltered during the lifetime of the agreement - an important aid to easier cash flow management. Balloon payments are available on motor vehicles. Members can settle at any stage of the agreement without penalty. Leasing schemes are available for most capital goods.

Mr Dunn and BHF directors will be pleased to meet members at the Dairy Event to discuss the new TFA Business Finance Scheme. Mr Dunn said, "I have written to all TFA members to introduce the Scheme. To find out more, members should telephone TFA Membership Coordinator, Clare Cox, at Head Office on 0118-9306130 or by e-mail to clare@tenant-farmers.org.uk."

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