12 Apr RSP Funding Success Case Study April 2021

CLIENT POSITION

A generational farming family wanted to expand their livestock enterprise and purchase some grazing land to complement their existing mixed farming business.  It was the first time this generation had purchased land, so they engaged us to secure finance suitable for their business and at a competitive interest rate.

Loan (limit)                 $2,800,000

Enterprise                   Agribusiness: Cropping and Prime Lambs

Lender Type                Tier 1 Banking Farm Acquisition

Location                      Lower Flinders Ranges SA

Bankability                 Satisfactory

RSP SOLUTION

1. Assisted with preparation of supporting information – forecasts, justification requirements
2. Approval for property acquisition
3. Competitive rates, product flexibility and satisfactory turnaround time

• Existing Bank Interest Rate (variable) – 3.61%
• New Bank Interest Rate (variable) – 1.98%
• Annual Savings (based on loan limits): $45,640 pa
• Savings over 5 years: $228,200
• Annual Return on Investment = 912%
• Ongoing support from Robinson Sewell Partners