Rural loans for agribusiness growing at a rapid rate.
With the downturn in the mining industry over the last few years Australia has turned to agriculture to fill the void.
Fresh produce in the form of cereal, fruit, dairy and meat exports are on the increase, especially into South East Asia.
Because of this growth existing primary producers and new ones entering the industry need finance to drive the expansion.
Before you approach your bank and or Rural Loan Broker specialist make sure you are prepared with up to date financials and or cash flows and business plans.
All the banks, non banks, and private lenders limit the loan to value ratio to maximum of 70% on rural properties. On large broad acre properties this could be as low as 50%.
To find the best options visit here today Rural/Agribusiness.