The client was conducting a very niche, boutique and frontier farming business. This particular business sell their product direct to the domestic and rapidly expanding export market. Their existing bank was having trouble digesting the export expansion growth of the business by the way of providing additional capital.
RSP was engaged to remedy the client’s position.
RSP conducted the due diligence required to prepare a succinct credit paper in anticipation for high level negotiations with hand-picked bank managers that would be up for the task. RSP achieved two outcomes. Firstly, securing additional expansion capital and secondly establishing a non-recourse facility (no directors guarantees). The non-recourse facility was particularly strategic, as it removed substantial risk from the directors personal assets. Given the boutique and specialised nature of this business, the strategy and outcome were accepted by the directors as a substantial improvement to their previous banking arrangements.