Asset Finance Business Loan


Based in Co. Roscommon, FarmLab is a diagnostic testing laboratory, specifically a provider of animal health diagnostic solutions.  Established in 2012 by a number of practicing veterinary surgeons and led by experienced veterinary practitioner, John Gilmore, the team now comprises of 20 employees including vets and scientists, offering a range of tests to the animal health sector.


FarmLab saw an opportunity to expand their business into a new area of testing, which required new specialist diagnostic equipment and highly skilled lab analysts to operate the facility. The Covid pandemic in 2020 however, put a halt to planned expansion and created a lot of uncertainty around FarmLabs future, but the business remained committed to their growth vision, and this vision required investment in new technology and equipment to enable the business to provide a higher technical expertise in terms of the testing they could offer, and eliminate dependency on outsourcing the testing to third parties. 


Farmlab were specifically looking for leasing finance to finance these new capital investments, and became aware of Capitalflow in the media. Once in contact, the company was impressed with the sector specific knowledge around the required diagnostic equipment, and the fact that the loan was a fixed rate loan for the entire loan term of 60 months, was also a huge benefit to the business. 

“The flexibility and the ease of working with Capitalflow and their ability to give clear confirmations and clear answers in relation to requests for finance in a very short period of time I think differentiates them from anyone else I’ve dealt with in the past. Capitalflow have a game changer attitude, they’re there to do business and want to do business, they’re willing to provide solutions that make sense. I’ve recommended people to Capitalflow and will continue to do so. 

John Gilmore, Vet and Managing Director of FarmLab Diagnostics


  • Loan Amount: €600k
  • Total LTV Avg: 93%
  • Term Avg: 47 Months


  • Uncertainty around Covid
  • New equipment for specialised testing


  • Secured long term contracts
  • Assured job creation
  • Independent of third parties