Join us for a webinar on Oct 14, 2021 at 12:30 PM AEST.
Thinking of getting more money from banks?
There have been significant changes to the lending landscape since 2018 and there’s more to come in 2022.
So what’s changed?
These recent changes mean that:
1. It’s your responsibility to put forward the best possible proposition (as lender representatives must stay at arm’s length)
2. All your paperwork must be in order — to put forward a convincing case, so that all parts of the decision-making chain in a bank can clearly, simply and easily understand the lending proposal
3. Only the best propositions to a bank get the best deal.
The underlying message is that a borrower must be 100% clear on what the proposition is that they’re putting forward. Then, put forward the best proposal in the form of a business plan and financials. Any proposal must demonstrate an understanding of risk (in all its forms, plus from the borrower and bank’s perspectives), and also demonstrate business best practice (both in your plans and how you run your business).
What’s coming?
Industry regulators have already made it clear that banks must manage their climate risk. It’s inevitable that a borrower will have to demonstrate how they manage/intend to manage climate risk. This will also have to be built into the lending proposition being put to the bank. Managing environmental sustainability (natural capital) is already appearing as part of risk assessment.
Join Gordon Stone, developer of the agri-sector’s joint MLA-ABDI Lender Ready Program when he discusses these changes and what it means for you, your business plans and how to get money from banks (and other lenders).
After registering, you will receive a confirmation email containing information about joining the webinar.
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