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#050 - Your Farm Loan Will Be Rejected If You Do These 4 Things
Description
Grow your agribusiness with expert finance strategies, book a free consultation 👉 https://use.seasonedfinance.com.au/pod-ep50
A strong property and a good story won’t get a farm loan approved if the fundamentals don’t stack up. In this episode, Brecken breaks down the four most common reasons agricultural loan applications get knocked back, and what producers need to fix before they apply.
◼️ Why weak cash flow forecasts and poor supporting schedules raise red flags
◼️ How security, deposits and overall equity impact approval chances
◼️ Why unpaid ATO, BAS, PAYG and super obligations can stop a deal cold
Timestamps:
00:00:00 - Introduction
00:02:56 - Mistake 1: Cash Flow & Serviceability
00:07:24 - Building a Strong Finance Pack
00:08:18 - Mistake 2: Security & Deposit Requirements
00:12:33 - Mistake 3: Overall Equity Position
00:16:20 - Mistake 4: Statutory Obligations & Character
00:20:11 - How to Avoid a Rejected Application
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