19 Aug Agricultural Debt Funding Success Story
Client Position: $3 400 000
This client first contacted us after their current bank had begun to pressure them to repay the loans owing. The financial structure of the business, including fixed rate loans, made a refinance difficult. RSP was engaged to assist with finding a financial solution.
Our intimate knowledge of bank policy allowed RSP to work with the client to restructure the framework of their business, including the economic cost of breaking the fixed loans. This improved the credit profile of the business and we were successful in gaining a finance approval on much improved economic terms. Most importantly the client did not have to sell assets.
Previous Interest Rate: 5.52%
New Interest Rate: 3.28%
Annual Savings: $78 000
ROI after establishment fees: 212%