New finance options fill gap for agri and commercial lending for South Australians
This is sponsored content for Nimbus Broking.
Well-known local agri and business finance expert Simon Franke has joined the specialist broking and advisory service, Nimbus, as the firm's South Australian partner.
Based in his hometown of Murray Bridge, Simon has more than 30 years of experience in the agricultural and small/medium business finance sectors through his past roles with Elders, ANZ, Bank SA and most recently Chase Finance.
As a broker with Nimbus he will provide a range of financial and advisory services and products to agribusiness and regional businesses throughout South Australia including asset finance, agri lending, commodity finance and residential lending.
Simon said Nimbus would help fill a large gap in the financial services market in South Australia.
"There is a jungle of loan products available for property, machinery, vehicles, plant or livestock," he said.
"Many farmers or regional farmers don't know about the different options available or have the time or experience to prepare a credit application or manage a loan tender process.
"That's where a finance broker can help identify the right product for your situation, prepare a professional credit application, negotiate competitive rates and terms and then assist with the settlement process on your behalf."
Preparing a professional credit application is one of the important areas that an experienced broker can assist with.
"It's pivotal to securing competitive finance," said Simon.
"Unlike residential property, lending facilities for farming and commercial businesses are individually risk-rated. Often the person making the final decision in head office doesn't know you or your business - what's in front of them is all they have to make their decision.
"The quality of your credit application has a direct impact on the likelihood of you being offered finance, at what rates, and under what terms.
"We take the time to understand your business, financial situation and objectives to develop a 'bankable' submission."
Simon said as a broker he would then submit the application to a large range of suitable lenders to create competition for your loan.
"You buy land, livestock and machinery at auction - why not let the banks bid for your business?" he said.
Changing banks is not the only way to secure a better deal when it comes to finance.
"Our goal is always to help our clients obtain the right financial product, rate and terms for their situation, not to change banks," Simon said.
"If you're happy with your existing bank we can help review your current lending arrangements and examine different options. But if you're not happy then we can solicit and review offers from other potential lenders on your behalf."
Simon said his aim is always to develop close relationships with his clients, working alongside them to improve their businesses.
"One of the frustrations for many farmers and regional businesses, is having to continually explain their business, financial position and plans to new or inexperienced banking staff," he said.
"The service we provide doesn't just end once a loan is settled - we are always ready to assist with annual bank reviews or if your situation changes.
"And we are continually monitoring the market to ensure our clients' lending arrangements remain competitive. If necessary, we will re-engage with lenders or other providers to make sure you continue to get the best deal."
Discuss your finance needs with Simon by calling 0447 552 089 or email him at simon.franke@nimbusbroking.com.au
Nimbus Agri and Commercial Broking and Advisory Credit Representative 482339 is authorised under Australian Credit License 387856 held by QED Credit Services Pty Ltd. Your financial situation will need to be reviewed prior to acceptance of any offer.
This is sponsored content for Nimbus Broking.
