Refinanced and restructured all business and private financing arrangements with a new bank
Trade and Personal Finance
$5.5 million
Key outcomes: Prior to partnering with Balanz, this client’s relationship with its incumbent bank had deteriorated, and so was looking for a new banking relationship. The existing facilities had considerable cross-collateralisation and required a whole new structure, adding complexity.
Balanz has been able to assist by way of creating a new funding strategy and structure for the client, and preparation of forecasting and other required information to present to a suitable bank. This has led to a relationship commencing with a new bank, with pre-approval having now been completed and moving towards full approval and settlement.
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