Business Debt Consolidation

When cash starts tightening before harvest, the obvious response can be to find another business loan. That may solve the immediate problem. But if the farming business already has equipment finance, an overdraft, ATO debt, a short-term working-capital facility and perhaps debt secured against property, another loan may simply become one more repayment competing for

Agricultural businesses often build their finance structure gradually. One facility is used for working capital. Another is added for a difficult season. ATO debt may build up. A business loan is secured against property because that was the easiest structure available at the time. Equipment finance sits separately. Years later, the business can have several