Elders' LivestockPlus provides finance of up to $100,000. It is secured against commercial sheep and/or cattle, owned outright by you and consigned to Elders for sale.
With a maximum term of four months per advance, Livestock Plus is ideal when you require working capital to fund the expenses associated with finishing your livestock.
How does it work?
Once approved, a cash advance to a maximum of 50 per cent of the estimated future sales proceeds of consigned commercial sheep and/or cattle (as confirmed by your Elders Branch / Livestock Manager) will be paid into your nominated bank account.
There are no fees. Interest is charged at a rate of 12 per cent per annum (calculated daily and compounded monthly) on the outstanding amount of the advance, from the date of the advance until the date of repayment including all accrued interest.
Repayment of principal and interest will automatically occur from the proceeds of sale of consigned livestock (where those proceeds are sufficient to cover the repayment).
Did you know? Elders has Fedder Ready program, designed to prepare cattle for backgrounding or feedlot entry.
Ready to apply?
Applying for LivestockPlus is easy. Speak to your local branch manager or livestock manager today.