Lender Requirements Lenders require loan applications which are supported by a business plan including risk management strategies and budget projections and the assumptions on which the budget is based. Clients who provide this information to lenders generally attract a lower “risk margin” and therefore a lower interest rate. |
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We work with clients to develop their business plan and budget projections including:
Examination of options
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Risk management strategies
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Budget projections. These may be annual budgets for an annual review or budget projections over say a 5 year period where the business plan involves farm development over a period.
Developing an Appropriate Lending Package
The loan structure chosen will impact greatly on the cost of borrowing and business flexibility. We work with clients to ensure that they structure a lending package that will best address THEIR needs. This may be quite different from the package suggested by a lender.
Negotiating with Lenders
We assist clients in their negotiations with lenders when requested. This often leads to a very competitive lending package being offered and accepted.
