19 Aug Tailored Rural Funding Success Achieved
The clients are broadacre and sheep farmers who were disappointed with the service from both bank and manager. The loan product that had been set up was unsuitable for their business and costing them in fees and charges. They were also looking to purchase land in the future and wanted a pre-approved loan amount.
Robinson Sewell Partners tendered the client’s business to a panel of lenders that could provide the products that our client required, a drawdown facility that did not charge for undrawn portion of the loan and a preapproved loan that enabled them to consider land purchases as the opportunity arose. They were also rewarded with interest & fee savings in the vicinity of $37,000 per annum.
LOAN AMOUNT: $3 300 000 with preapproval to $5 000 000
ENTERPRISE: Broadacre & Sheep
TYPE: Bank Lending
SAVINGS: $37,000 per annum