From: Sonia Rai [mailto:sonia.Rai@hitachicapital.co.uk]
Sent: 11 February 2014 11:47
Subject: Support for the farming community
As a business that has been a major supporter of the farming community for many years we recognise and are dismayed by the severe impact the flood conditions are having on individual livelihoods and businesses.
We are able to provide immediate financial assistance where cash flow issues have arisen due to this situation and we would advise you and your customers to contact our Support team on 0844 375 55060844 375 5506 . We can offer a number of solutions including three month repayment holidays where required. We will be waiving all normal fees under these circumstances.
We also recognise that unforeseen replacement or new equipment may be required to repair the damage caused by the weather conditions and have allocated £4m of short term funding at zero percent interest to assist. We are covering the full cost of the interest during this period and it is available on any appropriate asset purchase through a 6 month hire purchase facility, with a single capital repayment at the end of the agreement*.
All of us at Hitachi Capital Business Finance are fully committed to ensuring our farming customers and partners are fully supported during this unprecedented period.
Head of Risk
*Customers will have the option to request extensions of this agreement on normal terms at the end of the period should they wish.
Hitachi Capital (UK) PLC is registered in England and Wales, Company No. 1630491. Registered Office: Hitachi Capital House, Thorpe Road, Staines-upon-Thames, Surrey, TW18 3HP.