Figured is New Zealand’s largest provider of farm financial management software, used by more than 16,000 of New Zealand’s commercial farms. Figured chief executive, Dave Dodds, said Figured’s move into providing lending services to farmers was a logical step, as it increasingly became a financial hub for farmers and their advisers.

"Farmers face an increasing range of commercial and environmental challenges and opportunities. This means their advisers and lenders need to be smarter about how capital is accessed and provided. There is an opportunity for farmers, with their advisers, to use their individual data to apply for loans more efficiently and seamlessly. In turn, armed with financial and farm data, lenders will be in a position to make more timely and accurate lending decisions.”

This partnership provides an opportunity for farmers to access capital using existing data and software to support the lending process. “We know that farmers are an ambitious bunch, keen to develop their farm, improve the way they work, and try new things. But it takes money, which is harder to get these days. That’s why we’ve teamed up with Heartland Bank and launched Figured Lending – we want to give our farmers and their advisers, smarter options for accessing new capital.”

You can now access Figured Lending’s “Dairy Flexi Credit”, providing seasonal working capital for contract milkers and sharemilkers. It will be able to be used to cover operational expenses, plant & equipment purchases, and unexpected expenses - and pay interest only on funds used.