The client was confident that they were not getting the most cost efficient borrowing platform for their farming business. Being removed from banking and bank policy they themselves were making very little progress in testing the market and refinancing their business to get a better outcome. RSP was engaged to manage the process for them.
Their $2,000,000 M funding requirements were defined in our credit submission format and tendered to market. A very positive response was achieved which resulted in a new bank, an engaged bank manager and $65,000 p.a savings in interest alone