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