Access to reliable financial resources is vital for a stable marketplace. In livestock production, price fluctuations are common, it is essential for buyers and sellers to implement systems to manage current opportunities and threat
Who is AuctionsPlus collaborating with?
AuctionsPlus is all about teaming up with companies that share our core values of integrity and top-notch customer service. StockCo is the leading specialist provider of livestock finance for cattle and sheep farmers across Australia. It’s dedicated to providing farmers with flexible finance solutions to meet the unique needs of Australian food producers. StockCo’s livestock finance options include Trading Finance, Breeder Finance and Stock Advance – each designed to free up working capital so clients can focus on growing their business.
Why would I choose to finance with StockCo?
StockCo is unique in how it works with it’s customers.
Simple Application Process
-
Finance can be accessed directly within the AuctionsPlus platform.
Quick Funding
-
Funds available within days .
Minimal Cash Flow Impact
-
Tailored finance solutions without impacting balance sheets.
How is AuctionsPlus offering access to livestock finance?
AuctionsPlus is pleased to present an excellent opportunity for our community to engage with StockCo. This can be accomplished seamlessly by either linking your existing account or by completing a new application. The entire process is designed to be user-friendly, utilizing your current AuctionsPlus profile information and history to facilitate a smooth experience.
Once StockCo establishes your account, you will receive a live update of your available credit balance upon your next login, which will assist you in planning your forthcoming livestock purchases.
Furthermore, AuctionsPlus is enhancing the settlement process by allowing StockCo account holders to have their direct selling (and buying) agents invoice StockCo directly.
AuctionsPlus is committed to safeguarding the data of its users and guarantees that no information or details pertaining to third-party livestock finance accounts are retained within the AuctionsPlus platform.
Frequently Asked Questions - General
Why is AuctionsPlus getting involved in livestock finance?
The majority of buyers on AuctionsPlus actively engage with livestock financing in various forms, recognizing it as a crucial component of their daily operations. Financing acts as an effective mechanism for capitalizing on market opportunities.
At AuctionsPlus, we are dedicated to supporting our buyers to swiftly and efficiently access effective financing solutions.
Why is AuctionsPlus partnering with StockCo?
StockCo is a leading provider of specialist livestock finance for cattle and sheep farmers across Australia.
Together, AuctionsPlus and StockCo are committed to empowering the ag community by providing finance solutions that maximise returns and streamline online transactions. Our shared vision is to connect buyers, vendors, and agents to the financial tools they need to operate at full capacity, enhancing profitability and fostering growth across the sector.
Frequently Asked Questions - AuctionsPlus account holders and buyers
Why should I select StockCo as my finance partner?
StockCo’s livestock finance options include Trading Finance, Breeder Finance and Stock Advance – each designed to free up working capital so customers can focus on growing their business.
Minimal Cash Flow Impact
-
Tailored finance solutions without impacting balance sheets.
Simple Application Process
-
Finance can be accessed directly within the AuctionsPlus platform.
Quick Funding
-
Funds available within days
What are the benefits of applying for a StockCo account through AuctionsPlus?
Once your StockCo account has been established and connected to AuctionsPlus, you can enjoy the following benefits:
Immediate access
-
Existing StockCo clients can view their finance balance through the AuctionsPlus dashboard, enabling confident purchasing.
Visibility and confidence
-
Buyers can confidently purchase livestock, knowing their funding is available and ready.
Easy application for new users
- Non-StockCo clients can easily apply for finance via a simple online form.
Tailored financing
-
Finance solutions are customised to meet the specific needs of individual transactions, minimising cash flow disruptions.
Seamless experience
-
AuctionsPlus and StockCo provide a streamlined process for securing livestock finance exactly when needed.
What AuctionsPlus purchases can I finance through my linked StockCo account?
Presently only livestock purchased through the AuctionsPlus commercial sales, as listed below, may be designated for settlement through StockCo
-
Eastern States Cattle Sale
-
Weaner & Yearling Sale
-
Tasmanian Cattle Sale
-
Western Australian Cattle Sale
-
National Lamb Sale
-
Tuesday National Sheep Sale
-
Thursday National Sheep Sale
-
Tasmanian Sheep Sale
Stud livestock, seedstock and machinery are presently not eligible for financing
I’ve submitted an application for StockCo finance. What is the status?
StockCo manage the application process independently of AuctionsPlus.
For further information, please contact the StockCo Customer Support Team at 1800 283 447, or email StockCo at applications@stockco.com.au
I’m unable to repay StockCo the money I borrowed. What can I do?
The StockCo team is prepared to assist you in identifying the appropriate solution for your needs.
For further information, please contact the StockCo Customer Support Team at 1800 283 447, or email StockCo at applications@stockco.com.au
I’ve purchased a lot. What is the next step in getting that financed via my StockCo account?
If you have a StockCo account already integrated with AuctionsPlus,
-
proceed to your Dashboard>My Purchases,
-
select ‘Finance via StockCo’ adjacent to the purchased lot
The Selling Agent will then be flagged that they are to invoice StockCo directly. Please be sure to confirm this in any direct follow-up conversations with Selling Agent.
I’ve just purchased a lot on AuctionsPlus and I don't have a StockCo account. Is it too late to apply for StockCo finance?
As per the AuctionsPlus User Agreement buyers are obligated to honour all successful bids and purchases. Should you wish to apply for a StockCo facility to assist with this apply now
Once submitted, the StockCo team will begin processing your application.
For further information, please contact the StockCo Customer Support Team at 1800 283 447, or email StockCo at applications@stockco.com.au
I purchased a lot on AuctionsPlus and directed it be financed via my StockCo account. However the seller’s invoice has just been sent to my (settling) agent/me. What do I do now?
Frequently Asked Questions - Livestock Agents
How does my business benefit when my clients select StockCo as their finance partner?
StockCo’s livestock finance options include Trading Finance, Breeder Finance and Stock Advance – each designed to free up working capital so customers can focus on growing their business.
Enhanced customer confidence
- Facilitating smoother buying and selling processes.
- Reducing uncertainty in transaction closures.
- Strengthening the industry through accessible finance.
How do my clients' benefits from applying for a StockCo account through AuctionsPlus?
Once their StockCo account has been established and connected to AuctionsPlus, they will enjoy the following benefits:
Immediate access
- Existing StockCo clients can view their finance balance through the AuctionsPlus dashboard, enabling confident purchasing.
- Buyers can confidently purchase livestock, knowing their funding is available and ready.
- Non-StockCo clients can easily apply for finance via a simple online form.
- Finance solutions are customised to meet the specific needs of individual transactions, minimising cash flow disruptions.
Seamless experience
- AuctionsPlus and StockCo provide a streamlined process for securing livestock finance exactly when needed.
What AuctionsPlus purchases can my clients finance through a linked StockCo account?
Only livestock purchased through the AuctionsPlus commercial sales, as listed below, may be designated for settlement through StockCo
- Eastern States Cattle Sale
- Weaner & Yearling Sale
- Tasmanian Cattle Sale
- Western Australian Cattle Sale
- National Lamb Sale
- Tuesday National Sheep Sale
- Thursday National Sheep Sale
- Tasmanian Sheep Sale
As a selling agent I’ve just seen on my Dashboard>My Sales that a lot is to be ‘Financed via StockCo’. What does that mean?
As a selling agent, what is the benefit of my offering to support the NLIS transfer for a StockCo account holder?
StockCo generally requires the NLIS transfer to be completed prior to settling any invoices. By completing the NLIS transfer on behalf of the buyer this will assist with prompt settlement.
Important Considerations
It is important to note the following when using financing to support AuctionsPlus purchases
-
As per the AuctionsPlus User Agreement buyers are obligated to honour all successful bids and purchases. This is regardless of available financing.
-
AuctionsPlus has no influence over the application process,or requests for limit increases. Final approval lies with StockCo.
-
AuctionsPlus does not impose limits to bidding or purchasing. The displayed available balances does not restrict a buyers capacity to bid.
-
Livestock finance account holders have a direct relationship with StockCo. Any queries or discussion regards account activity, debt servicing, repayments etc are to be conducted directly with the StockCo representative.