A large drum of oats with a tap sits next to a bucket of oat milk

Rural project loan

Develop your business

Thinking about developing an alternative income stream but not sure how to get it off the ground? Talk to us to see how we could help bring your ideas to life with our flexible project loan, especially for agricultural businesses, with repayments structured to match your future cashflow.

Key features and benefits

What it’s for

This flexible business loan is designed to help fund the creation of an additional income stream, or to restructure your agricultural business. From upgrading farm buildings or offices to downsizing your current business to build up a new project, there are lots of ways it could help.

How it works

Loans start at £100,000 and you repay it in 2 phases. The first is a project phase, where you repay interest over a flexible interest-only period, so you can develop your project and create an income. The second phase starts when the project is completed, with repayments spread over 1 to 25 years.

Choose how to repay

You can choose the interest type and a repayment structure to suit you.

  • Either a fixed interest rate or a variable rate that tracks the Bank of England Bank Rate1
  • Fix the interest rate from 1 to 10 years
  • Switch from a variable rate to a fixed rate, subject to agreement
  • Flexible contractual terms – the period of time that we agree to lend for
  • Flexible repayment terms – the period over which you repay the loan
  • An interest-only period (capital-repayment holiday), subject to approval



Your business must be within the agricultural sector. Rural project loans are subject to application and status.

You should speak with an independent financial adviser if you need advice on whether a rural project loan is suitable for you.

There are a few things to consider before you apply:

  • The length of the loan term can impact the interest rate you pay
  • If you repay all or part of the loan early, a prepayment fee may be payable
  • If you decide to cancel a fixed interest rate, you may have to pay breakage costs
  • If you choose a capital-repayment holiday, the interest payable over the loan term will be higher
  • The business property and/or land will be needed as security for the loan
  • Lending fees and associated borrowing costs will be applicable

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your loan.

How to apply

How to apply

To find out more, or if you want to apply for a rural project loan, speak to your local Agricultural Manager.

Don't bank with us yet?

Call us on 0800 515 462. Lines are open Monday to Friday, 8am to 7pm2.

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