
10 Nov Agribusiness $9.0m Settlement Success Story – Refinance
Client Position
An established and strong rural family found their bank / banker was nonresponsive and relatively non committed to the support of their operations from a servicing perspective. The manager ended up taking another role within the organisation which triggered to need to engage RSP and drive a professional reset into the banking market.
Client Outcome
A detailed credit submission and process driven tender established a new and enthused Lender / Banker that demonstrated all the qualities sought in a funding partner. The results are as follows
Farm Refinance: Approved and ready to settle
LVR: 25%
Loan Amount: $9.0m
Risk Rating: Satisfactory
Interest Rate: 1.95%
Lender: Mainstream bank
Savings: $94,500 p.a
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