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 StudPlus.
This facility provides eligible livestock producers with access to a limit of up to $100,000 with deferred terms to purchase stock for breeding purposes including stud and commercial sires, genetics and stud dams.
Who is eligible?
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.
What about interest?
Interest will accrue on the Amount at the rate of 12% per annum, calculated daily and compounded monthly, from the date the Amount is paid to the Applicant until the date the Amount (plus all accrued interest) is repaid to Elders.
What fees are involved?
There are no account fees on StudPlus facilities. In the 9 months immediately following provision of the 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 amount (plus all accrued interest), and which is free of all security interests and other encumbrances.
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.
How do I sign up?
To enquire contact 1300 618 367, email FinancialServices@elders.com.au or contact your local branch.