23 Mar Agricultural Funding Success Story 7 – March 2022
Established and successful farmers seeking expansion capital to purchase a nearby farm. With the pace of acquisitions occurring in the market, the client had to move promptly and decisively. Client is a long-time client of RSP.
With up to date and relevant information on hand, RSP was able to move quickly in creating a full credit submission and supporting data pack for the encumbered bank to assess and approve promptly. Client was then in a strong position to purchase a farm ahead of their competitors.
Purpose: Farm acquisition
Loan Amount: $4.5m increase
Risk Rating: Satisfactory
Lender: Mainstream Bank