Farm Debt – consultants

Do farm debt consultants deliver financial benefits to farmers ?

GBAC Farm Debt Consultants’ farm loan clients benefit from Greg Bloomfield’s years as a Chartered Accountant/ CPA with an emphasis on pastoral companies. They gain too from his experience when he headed the largest NSW Farmers branch, ran sheep at Tullamore and cattle at Braidwood.

Many followed his sound farm financial advice in the Hereford Quarterly and rural papers. Farmers were amazed when they won farm debt mediations and huge debt write-offs.

Farmers today are freed from overwhelming debt, with tailored refinance. In the process farmers unexpectedly earned hundreds of thousands, sometimes millions of dollars.

At home on a horse or bike, fixing fences or marking calves, having financed his own farms, Greg soon identifies bank loan problems and bank debt solutions.

Working by phone and fax previously, phone and email now, GBAC provides farm debt solutions in a way that neither RFCs nor local Accountants can, using unique and persuasive strategies to win a fair go for farmers all over Australia. Receiverships and foreclosures are stopped and prevented.

Anyone needing help with a new farm loan or an old farm debt should ring for a chat with Greg any day or evening on 0428 417 496 or 02 9988 3312. Being away from the local town means that what farmers discuss with GBAC remains completely confidential.

Small Business Loan Broker Vs Bank Loan Broker

Should you borrow via an independent Business Loan Broker or Bank Loan Broker.

When any small business considers using a loan broker to borrow, the following question should be considered:

How can a small business be properly served by a bank broker who is paid substantial commission by a bank?

Cannot serve 2 masters

The broker can either serve the bank or the borrower. They can’t serve both. What the bank makes, the small business borrower loses. What protects the bank makes the small business borrower vulnerable. Who do the brokers deal with most, the business borrower or the bank? The one bank of course.

More suitable farm loan fit.

At BorrowBetter.au we do not accept any commission or payment from the bank. We work for business borrowers only. As the bank does not pay an independent business broker on loans we negotiate, we work to get business borrowers a substantial reduction in the business loan cost.

How to get the best loan?

Borrow Better with BorrowBetter.au by having banks compete for your small business loan.

Cost of borrowing for business.

The most important part of a business loan is the price you pay for them not the actual business loan approval, because borrowing is easy but paying it back is hard.

Interest rate is not the only consideration of a business loan.

Apart from the obvious Interest rate there are:

Setup charges
Bank fees
Amount and timing of regular repayments
loan contract terms
Conditions under which the bank loan can be called to be repaid in full
Flexibility if the small business strikes hard times, gets sick, loses income
Ability to repay early or faster.
Small business Borrower’s ability to meet repayments out of income as only interest will be tax deductible
Small business Borrower’s relationship with with the bankers involved.

Ruthless business debt collectors can quickly replace smiling bank lenders.

Who will gain the most financially from the small business loan? Make it the small business owner!

Small Business Borrowers can achieve a better financial out come by using BorrowBetter.au consultants.

Call now for a friendly chat 0428 417 498, 0422 907 155, 02 9988 3312

Email greg@gbac.au, pat@gbac.au

Borrow Better with your own “broker”

Good Roads affect small business How can any small to medium sized business or farmer be properly served by a mortgage loan broker who is paid substantial commission by a bank and knows little about business or farming?

Either the broker serves the bank or they serve the borrower. They can’t serve both because what the bank earns, the borrower pays; what protects the bank makes the borrower vulnerable if loan problems arise.
Who do the brokers deal with most, the borrower or the bank? The bank of course on a daily basis.
At Borrow Better we do not accept any commission or payment from the bank. We work for borrowers only. As the bank does not pay a broker on loans we help borrowers negotiate, we work to get borrowers a substantial reduction in the loan cost.
Borrow Better by having banks compete for your loan business, whether it is a new loan, restructure or refinance.
Borrowing is easy. It is the paying it back that is hard. So the most important part of a loan is not the getting of the funds, but the price and promises given to get them.
Price of a loan includes:
Interest rate
Set-up charge
Bank fees
Amount and timing of regular repayments
Contract terms
Conditions under which bank can call in the loan to be repaid in full.
Flexibility if the borrower strikes hard times, gets sick, loses income.
Ability to repay early or faster.
Borrower’s ability to meet repayments out of income as only interest will be tax deductible
How well the borrower gets on with the bankers involved.
The smiling lender can quickly be replaced by ruthless debt collectors in some loan contracts.
Who will gain the most financially from the loan? Make it the borrower!
Sometimes borrowers need loan help. At other times help is needed with a defaulting debt
If farm debt mediation or business debt mediation arise we can give expert assistance.
Even if a bank moves to foreclosure or appointing receivers, we provide appropriate, experienced assistance to borrowers.
GBAC consultants are qualified and experienced at running their own businesses and farms.
How will that be achieved? BorrowBetter.au consultants will tell you.
Call now for a friendly chat 0428 417 498, 0422 907 155, 02 9988 3312

Email greg@gbac.au, pat@gbac.au

Bank Loan Repayments

Is the Bank Loan market right for you now?

News headline this week “Banks feeling pinch of sliding margins” but multi-billion dollar profits.

Most days there are reports about sliding bank margins and an increase in defaulting bank loans from poor bank loan repayments.

When we borrow we tend to put all else aside. We just want to get that bank loan for our business without giving a second thought to our ability to make the repayment commitments.

Bank Loan repayment Management

Far wiser is to think strategically.

How, when, from whom, at what rate, on what terms, how will I manage repayments.

A business loan consultant for a borrower, is the equivalent of a mortgage broker for a bank.

One serves the borrower. The other serves the bank.

Don’t be swayed by a few years of “interest only” repayments.

That is the bait for an unaffordable loan that could lose you the home, business or farm to the bank.

GBAC has developed its BorrowBetter app to let borrowers bargain with the bank. It is like a “Borrower’s Broker” without the big commission charge. Get the best rates, charges and terms

For those having trouble with their bank, Bankwatch lets borrowers report disputes & defaults for possible solutions.

If the loan has grown into a problem debt then the best option is a business debt consultant . GBAC provides both.