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Agriculture
At Ulster Bank we recognise that farming is a long-term business that needs flexible financial services. Our dedicated Commercial Managers, supported by agricultural experts, are on hand to offer support and information on products and services that could suit your business.
We offer an experienced, professional banking service to farming, agricultural and rural businesses.
Support for Irish business
Business can be tough, and farming is no exception. At Ulster Bank, our dedicated agricultural teams bring a wealth of experience and expertise in arranging loans, finance and other banking arrangements to agricultural businesses.
We understand your industry
The seasonal nature and irregular income stream of some farming businesses poses its own set of challenges. Our understanding of these challenges helps us to offer the right sort of support for your business.
Bank with Ulster Bank and enjoy:
- A dedicated agriculture team -with specialist agriculture experts spread across the island of Ireland
- Products - tailored to the needs of your industry
- Solid back-up - from one of Ireland's leading business banks.
Our commitment to the agriculture industry is not only evident through our dedicated team and specialist products but also through various initiatives such as:
- Our sponsorship of agriculture events e.g. the Teagasc Liquid Milk Conference and our participation in agricultural events e.g. the National Ploughing Championships etc.
- Ulster Bank Business Achievers Awards - our Agriculture, Food & Drink Award category which annually recognises the achievements of businesses operating in these sectors.
Switching to Ulster Bank
If you would like to talk about moving your business account to Ulster Bank, you can either visit your local branch or contact our Senior Agricultural Manager, Dr. Ailish Byrne on 059 9164699.
As an Ulster Bank customer you will have access to a range of products and services designed for the agricultural community, including:
- Business Current Account - offering everything you could need from a business bank account.
> More on Business Current Account - Cash Management Solutions - take advantage of our convenient cash management solutions that will save you the most valuable asset of all - your time. These include competitive deposit rates, invoice finance and online banking.
- Lombard Asset Finance can help you purchase or lease almost any type of agricultural plant or machinery including your own vehicle. Lending is for business purposes only.
> More on Lombard Asset Finance - Business Card
Our commercial cards offer businesses a range of payment and expenditure control solutions. Card use is exclusively for business purposes only.
> More on Commercial Cards
Supporting Business Ideas within the farming community
We're here to help
Our dedicated Agri Business Development Team is committed to developing and delivering solutions that can support you, your farm and the future of your business.
This is a key period for farming given the current positivity in the industry and also the ambitious targets set out for the sector in the Food Harvest Report 2020 issued in June 2010.
We are open for applications for our €100m Harvest 2020 Fund
With 91% of you intending to invest in your farms over the next three years* the importance of available credit, that covers a wide range of lending options, is here.
Features
- €100 million fund (including €10 million Lombard** offering)
- Fixed and Variable lending rates available
- Flexible source of finance that can be tailored to suit the needs of your farm business
- Arrangement fees may apply. See A Guide to Business Current Account Fees (PDF, 1.17MB) brochure for more details
Warning: You may have to pay charges if you pay off a fixed-rate loan early
Eligibility
- Available to both existing and new farming customers. Normal lending criteria and terms & conditions apply. Security may be required. Over 18's only.
- Fund available until the 31st March 2013
- Fund is for business purposes only
Examples of permitted borrowing purposes
Short-term working capital facilities to assist with the purchase of fertiliser, feed, seed, sprays, veterinary and medicine etc. financed through:
- Overdrafts
- Stocking Loans
- Seasonal Loans
Capital Investment in your farm business e.g. land purchase, breeding stock, animal housing etc. financed through:
- Fixed rate loan
- Variable rate loans
Asset Finance
- Farm machinery, equipment and tractors through Lombard**
We are open for applications for our €15m Weather Fund
At Ulster Bank, we understand that this has been one of the wettest summers on record. If your farm business has been affected then our Weather Fund could be the cashflow solution needed to help overcome the present challenges.
Features
- €15 million fund
- Fixed and Variable lending rates available
- Flexible source of finance that can be tailored to suit the needs of your farm business
- Arrangement fees may apply. See A Guide to Business Current Account Fees (PDF, 1.17MB) brochure for more details
Warning: You may have to pay charges if you pay off a fixed-rate loan early
Eligibility
- Available to both existing and new farming customers. Normal lending criteria and terms & conditions apply. Security may be required. Over 18's only.
- Fund available until the 31st March 2013
- Fund is for business purposes only
Contact Us
For more information, please contact a Business Manager at your local Ulster Bank branch or business centre.
Important Information:
*According to a study we conducted in conjunction with ACA - Agricultural Consultants Association and Broadmore Research. Research study correct as of March 2012.
** Lombard Ireland Limited. Registered in Republic of Ireland: No.18017
Registered Office: Ulster Bank Group Centre, George's Quay, Dublin 2
Lombard Ireland Limited (trading as Lombard and Lombard Vehicle Management) is a Multi-Agency Intermediary regulated by the Central Bank of Ireland.
Lombard Ireland Limited holds written appointments from the following product producers: London General Insurance Company Limited (Irish Branch). Registered number E904436, Fitzwilliam Business Centre, 77 St John Rogerson's Quay, Dublin 2; London General Life Company Limited (Irish Branch). Registered number E904994, Fitzwilliam Business Centre, 77 St John Rogerson's Quay, Dublin 2.
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