Understanding a lender’s perspective — webinar

Understanding a lender’s perspective – Hearing direct from a lender about their wants, needs and drivers.

Join Gordon Stone from the Agri-Business Development Institute in the second of three Lender Ready webinars, 18 March at 12.30 pm.

Register today!

The Lender Ready Program describes the importance for a borrower of getting an optimum result through the application of 6 Key Principles of becoming lender ready.

An aspiring borrower has the responsibility of preparing suitable documents to convince a lender that they, their business and the business proposition represent a good lending risk.

Lenders have internal processes to assess the level of risk, with this assessment being undertaken objectively, based on how the business proposition is described for review by a lender.

The key elements of that assessment are:

• a business plan – describing future plans
• the financials – past, present and future figures and data (to validate the plan)
• an application – with supporting documents (that are fit for purpose to the plan and financials).

Ultimately, both parties will arrive at a finance proposition – ideally, after the borrower proposes what suits them. While this sounds simple, it’s important for an aspiring borrower to put themselves in the shoes of the lender.

This webinar will provide the opportunity to hear from a representative of the Queensland Rural and Industry Development Authority (QRIDA) that administers Queensland Government loans and grants.

While having a slightly different policy position and remit than commercial lenders, the principles and processes are consistent.