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 —
- Facilitate a full debt payout with the major bank
- Settle family disputes
- 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.
