12 Aug Access to Short Term Finance Success

CLIENT POSITION           

The client required short term finance to enable him to pay out his life/business partner in the time required by the court and continue to operate the farm until the timing was right for property sale.  Finance was required within 6 weeks due to court order.

RSP SOLUTION 

Robinson Sewell Partners sourced funding from a non-bank lender.  By securing finance the client was able to avoid further court proceedings potentially costing him hundreds of thousands of dollars.  The property was able to be marketed at a time when sales potential was at its highest and the lease agreements that were in place had expired.

LOAN AMOUNT:  $1 325 000

ENTERPRISE:  Broadacre & Sheep

TYPE:  Non-Bank Lending

LOCATION:  Rural Mid North SA

TIMING:  Settled within 6 weeks