Buy now, pay later with StudPlus.
To provide you with the financial flexibility you need to make the best stud stock buying decisions, Elders brings you the StudPlus advance facility.
This facility provides eligible livestock producers with access to an advance amount of up to $100,000 to purchase stock for breeding purposes including stud and commercial sires, genetics and stud dams.
Easy application process.
If your business meets the criteria, simply fill in the application form available from your local Elders Stud Stock representative or Territory Sales Manager (TSM) and once approved, eligible stud stock purchases will be funded by Elders. Repayment of principal and interest will automatically occur from your livestock sale proceeds in the following months.
Subject to credit approval, StudPlus allows livestock producers to finance the purchase of stud livestock up to the value of $100,000 for a maximum of 9 months. Repayments are via the sale of future livestock sales transacted through Elders.
Livestock producers are eligible to apply. The Applicant must obtain Elders’ consent (which will not be unreasonably withheld) before purchasing stud livestock which are to be funded via a StudPlus facility.
Interest will accrue on the Advance Amount at the rate of 12% per annum, calculated daily and compounded monthly, from the date the Advance Amount is paid to the Applicant until the date the Advance Amount (plus all accrued interest) is repaid to Elders.
There are no account fees on StudPlus facilities. In the 9 months immediately following provision of the Advance Amount, the Applicant must from time to time engage Elders as its agent to sell livestock, the aggregate net value of which is at least equal to the Advance Amount (plus all accrued interest), and which is free of all security interests and other encumbrances.
Register to find out more
Contact your Territory Sales Manager to apply for StudPlus.