Get the Finder app πŸ₯³

Track your credit score, free

Free

Agribusiness loans

Give your farming operation the funding boost it needs with an agribusiness loan.

Updated

Fact checked

Agribusiness loans
If you need additional funding to help finance your farming operation, you may be able to access the financing you need through an agribusiness loan. The good news is that there are agribusiness loans available to suit an extensive variety of farms and an equally large range of finance needs, so let's take a closer look at the different loan options available and how they can benefit you.

What is agribusiness?

Agribusiness refers to any business that earns most or all of its revenue from agriculture, and this umbrella term covers a diverse range of farming operations. It can include everything from small family-owned farms to much larger commercial operations.

What is an agribusiness loan?

An agribusiness loan is more or less the same as an ordinary business loan, but with the key difference that it provides funds to cover the finance needs of agriculture businesses. You can use an agribusiness loan to purchase a property, buy new machinery and equipment, upgrade breeding stock, overcome cash flow shortages and fulfil a range of other funding needs. Australian banks and financial institutions also offer a range of other agribusiness banking solutions, including savings accounts, farm management accounts and risk management services.

Valiance Finance Logo

Get access to a wide range of business finance options with Valiant Finance. Fill out this form to speak to an expert.

Valiant Finance works with a large panel of lenders that can help you find a loan for your business.

  • Access to 60+ lenders
  • Dedicated credit specialists
  • Various loan options available

Valiance Finance Lender Logos

Business loans you can apply for agribusinesses

Data indicated here is updated regularly
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Valiant Finance Business Loan Broker
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Prospa Business Loan
$5,000
$300,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.
Max Funding Unsecured Business Loan
$2,000
$300,000
1 month to 1 year
$0 application fee
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.
OnDeck Business Loans
$10,000
$250,000
6 months to 2 years
3% of loan amount
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
Westpac Business Loan
$5,000
$1,000,000
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
ANZ Secured Business Loan
$10,000
$10,000,000
Up to 15 years
$600
Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.
ANZ Unsecured Business Loan
$10,000
$1,000,000
Up to 15 years
$600
Apply for a loan from $10,000 with no security required and benefit from flexible repayment terms.
loading

Compare up to 4 providers

How can a business loan help?

There are many situations when a business loan can provide the finance your agriculture business needs, such as:

  • If you need to buy livestock. Livestock loans allow you to purchase more stock, upgrade your breeding stock and cover the cost of animal health needs.
  • If you need to buy new vehicles or equipment. From equipment finance to loans to help you buy new vehicles to manage your property, there are several lenders and finance options to choose from.
  • If you need to buy a property. If you want to purchase a property to grow and improve your business, or if you want to improve farm buildings and facilities, you may be able to access the funding you need through an agribusiness term loan.
  • If you need to solve a cash flow problem. Seasonal cash flow fluctuations can cause difficulties for many farmers, so a overdraft facility or line of credit could provide the funds you need to solve any short-term problems. Some lenders also offer special seasonal finance products, allowing you to borrow money during seasonal lows and then repay it during the time of year when your farm is turning a profit, for example during harvest season.

Benefits of a business loan for agribusinesses

Agribusiness loans offer several benefits to Australian farmers, including:

  • Finance for a wide range of needs. Whether you're solving a short-term cash flow problem, investing in a plan for long-term growth or anything in between, there are agribusiness loan options that can provide the funding you need.
  • Flexible loan features. Flexible repayment schedules, fixed or variable rates, redraw facilities and offset accounts are just a few of the features available on some agribusiness loans, allowing you to tailor a loan to suit your needs.
  • Improve efficiency. Whether you need new equipment to help you work faster, more employees to improve productivity, or funds to invest in updating your work processes, agribusiness loans can help you turn your farm into a more efficient operation.
  • Peace of mind. Agribusiness loans are specifically designed to suit the requirements of Australian farmers. This means you can access the funds you need to help your farm survive and grow, and that repayments can be tailored to match the unique income cycle experienced by many agribusiness operators.

Need to overcome cash flow shortages?

If your business needs to overcome cash flow shortages due to a few outstanding invoices, then invoice financing could be an option. It's a type of business loan that comes with reduced risk, no asset requirements or interest payments.

Compare invoice financing options below.

Data indicated here is updated regularly
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Timelio Invoice Finance
$10,000
$100,000,000
Up to 4 months
$0
Get up to 100% of the value of your invoices without having to wait for customer payments, and with no minimum turnover or operating history required.
Scottish Pacific Invoice Finance
$200,000
$100,000,000
From 1 year
No set amount
Improve your business cash flow by financing your outstanding invoices. No minimum trading history required, but minimum 12 - month term and $200,000 in invoices.
Scottish Pacific Selective Invoice Finance
$10,000
$1,000,000
1 to 3 months
$500
Finance your unpaid invoices on demand with terms of 1 - 3 months. 95% of invoice is paid upfront, with no minimum trading history required.
loading

Compare up to 4 providers

How to compare loans

Keep the following factors in mind when comparing agribusiness loans for your farming operation:

  • Interest rates. Compare interest rates from a number of lenders to work out what your regular repayment amounts will be. It's also a good idea to use a business loan calculator to calculate how much the loan will cost in total when it has been fully repaid.
  • Loan amounts. Check the minimum and maximum loan amounts imposed by a lender to determine whether a particular loan product is suitable for your farming needs.
  • Loan fees. Make sure you're aware of any fees attached to a loan. This could not only include an upfront application or establishment fee, but potentially also ongoing monthly or annual charges.
  • Repayment options. Consider the maximum loan term when working out how long you will have to repay the money you borrow. Some lenders will also offer flexible repayment options, such as the ability to make interest-only repayments for a set period or to only make repayments during the months of the year when your farm earns a return from your harvest.
  • Bundling options. Some banks will allow you to bundle multiple agribusiness banking products together into one package to save on fees. For example, you may be able to combine an agribusiness loan with an everyday farm management account.

How can I increase my chances of being approved?

There are a few simple things you can do to boost the chances of your agribusiness loan application being approved. Make sure to:

  • Understand your loan options. There are myriad agribusiness finance options available to suit the varied needs of Australian farmers, so it's important that you research all the different loans available. This will help you decide on the right type of finance for your farm.
  • Compare lenders and loans. Once you know the type of loan you need, compare multiple business loan products across a variety of lenders. Look at interest rates, fees, repayment options and other features to see which loan offers the best value for money.
  • Know the eligibility criteria. Read all the fine print associated with the loan to ensure that you satisfy all the relevant eligibility criteria. However, it's worth mentioning that, due to the varied nature of farms included under the term agribusiness, applications for agribusiness loans are usually assessed on a case-by-case basis.
  • Put together a comprehensive application. Make sure any application you submit addresses all the criteria the lender attaches to the loan. A good credit rating will greatly improve your chances of success, while you'll also need to provide bank statements, tax returns and cash flow projections to prove your income.
  • Ask for expert advice if needed. Feeling confused or overwhelmed by the agribusiness loans available? Ask your accountant or an experienced finance broker for advice on the right agribusiness loan for your needs.

FAQs about agribusiness loans

Compare business loans

Data indicated here is updated regularly
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Valiant Finance Business Loan Broker
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Prospa Business Loan
$5,000
$300,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.
OnDeck Business Loans
$10,000
$250,000
6 months to 2 years
3% of loan amount
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
loading

Compare up to 4 providers

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site