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Thanks to private funding, desperate Darling Downs farmer settles family disputes and solves row with major bank

The challenge:

A small farm operator who has fallen on hard times urgently requires funds to settle family matters and solve a payout dispute with a major bank.

The outcome:

Aglend worked out a sustainable solution with a non-conforming lender, successfully helping the client keep his farm via private funding.

A small hobby farmer and self-employed agricultural contractor in the Darling Downs had fallen on hard times. 

Making matters worse, he had a pending family dispute to settle. At the same time, his bank — a major industry player — demanded a resolution concerning his outstanding debts. 

Strained relationships and the painful possibility of losing his farm loomed on the horizon.

The struggling farmer badly needed a strong dose of timely assistance.

Aglend came to the rescue. 

The rural solutions provider sat with the desperate farmer who shared his dire situation: 

  • The farmer owned a blue-chip property with a water license, something he wasn’t willing to sell at any cost. 
  • The farmer — who also works as an agricultural contractor — had already sold some of his properties to fix his financial problems before meeting with Aglend.

Formulating a viable bailout strategy for the client, Aglend Finance sourced a speedy and affordable solution that will allow the client to keep his farm. 

Aglend liaised with the major bank, several creditors, a new private lender, and other parties and their solicitors to complete the successful transaction.

Through private funding, Aglend helped the client —

  1. Facilitate a full debt payout with the major bank
  2. Settle family disputes
  3. Consolidate smaller personal debts

All were completed in a timely manner.

Aglend Finance will continue assisting the client until his credit profile aligns with traditional lending requirements.

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