Business
Business
Our principal business activity is founded on financing agreements with Lantmännen's machinery companies, Lantmännen Maskin and Swecon. We offer plant and machine financing through payment instalment plans or leasing contracts. Our customers consist primarily of farmers, as well as companies within the contracting sector.
Our core activity is the financing of agricultural and contractor plant and machinery. This implies that our employees possess very broad knowledge within this sector, and that we are able to produce financing solutions that are specifically sector-adapted.
Our business operations also embrace savings and deposit accounts. Savings placed with Lantmännen Finans AB are covered by the Swedish state deposit guarantee scheme in view of that the finance company is a credit market company.
Payment by instalments
An investment often implies a large outlay when purchasing. Capital becomes tied up in the investment, and the cost is present for several years. Should you choose a bank loan, you are often required to provide various types of collateral, while it simultaneously may take a long time to raise the capital.
If you decide instead to finance through instalment payments, the actual investment item itself represents the collateral which implies a significant simplification. Furthermore, the investment item is owned by you, just as with a bank loan. The investment becomes part of your company's balance sheet. In this way, the investment forms a basis for depreciation in forthcoming budget and profitability planning.
Leasing
Through allowing your company to lease your required equipment will enable you as an entrepreneur to use a simple and flexible form of financing. You will not debit the balance sheet or the company's bank draft facility with the investment.
Because an investment through leasing does not tie up your capital or strain liquidity, your cash funds may be used for other purposes. You rent the equipment from Lantmännen Finans, who in turn remains the owner.
The ownership of the equipment represents a guarantee for Lantmännen Finans with regard to the lease financing. The leasing charge is calculated as per the annuity method, which implies that the same amount will be paid on each due-date, provided interest rates do not change. This helps tremendously for your calculations and budgeting procedures.
Capital account
Our capital account is a good alternative for those who wish to have profitable savings combined with security. We offer a good rate of interest, an unrestricted number of withdrawals, and no charges. The capital account is open to everyone, and there is no minimum deposit amount.
Lantmännen Finans is covered by the Swedish state deposit guarantee scheme. This implies that your money will be protected even if Lantmännen Finans should become bankrupt. The deposit insurance compensation is maximum EUR 50,000 per customer. The compensation can never be lower than SEK 500,000 kronor, but can be higher depending on the exchange rate EUR/SEK.
The actual rate on the capital account is 1.40 %.