"We have successfully made banks write off up to $5 million on one loan and twice had 100% of the debt written off."
Greg Bloomfield, CEO and Founder of GBAC
Combine Greg’s solid knowledge of farming with his qualifications in accounting, directorship of businesses and you have a recipe for success! Greg will work with you to understand your financial situation and develop a customised plan to negotiate with your bank for more favourable terms on your loans or mortgages.
Whether you're looking for a mortgage loan, dealing with unexpected financial stress or simply looking for a better deal on your current loan, Greg has the skills to get the job done.
We specialise in...
“My goal is to help you secure the financial stability you need to keep your business thriving. We all know that banks are profiting billions each year and they’ve been taking advantage of our farmers and family businesses for too long. I know that without an agricultural or small business industry, Australia suffers, and we are committed to keeping Australian farmers on the land, and small businesses in business.”
GBAC knows that farmers and small business owners have a lot on their plate. Managing the day-to-day operations leaves little time for managing finances.
Farming is a challenging and demanding profession, and managing finances or negotiating for better loan terms with banks is probably something that you really don’t have the time to do properly. However, with the support and resources that Greg provides, you will be able to effectively manage your finances and secure the financial stability you need to keep your business thriving.
Don't let loan and mortgage negotiations stress you out any longer. Let us handle the hard work and take the first step towards financial peace of mind.
No debt is too much at GBAC, and it is rare we're unable to solve our client's issues.
Our success is your success...
“It was a rural financial counsellor who first alerted me to the prospect of a bank writing off debt. Fruit shops throw out bad fruit and bread shops throw out stale bread. Banks must write off 'bad' debts.”
Greg Bloomfield, CEO & Founder of GBAC
Ben saved $300,000
Benjamin in South-West Queensland had a debt of $550,000. It was a rugged extensive beef cattle block when we drove out there. We sat down and worked through profits and bank documents. Then I drove into town and had a good chat with the banker who agreed the following day to accept $250,000 in full payment of the debt. That gave the farmer a $300,000 profit.
A Glen Innes NSW 4th generation farming family had a debt of $320,000 when they came to us for assistance in a Farm Debt Mediation. The bank settled for $165,000, a write off of $155,000, almost half.
We were called to a farm at Nyngan NSW run by an older couple. Ros & James had cleared a lot of country to expand their cropping and grazing operation and borrowed $500,000 from the bank. Profits did not eventuate for the farmers however, partly because of a major flooding event in the district. After very long and protracted negotiations and a lengthy and difficult Farm Debt Mediation we convinced the bank to write off $250,000 or half of the debt. We had the balance refinanced.
Tom ran a big piggery on the North Coast of NSW. He phoned us to see if we could help him as he owed the bank $334,000 and did not see his way clear to meet repayments or refinance. The bank grudgingly wrote off $84,000. That reduced the debt to $250,000 which he was able to cover by the sale of a farm block that had increased a lot in value. That left him debt free.
Sometimes banks hate us.
We use a secret weapon when we engage with banks, and nobody else in our industry has it.
That’s partly why we get such good results.
We understand that banks do not want government to know that they are foreclosing on farms or businesses because they have cheated, overcharged and trapped customers into unaffordable debt, broken the Banking Code of Conduct and Fair Trading laws. We are able to bring pressure to bear on banks to negotiate more favourable terms for bank customers.
This happens when GBAC:
1. Brings them (without any brokerage commission) new cash-strapped farm or business customers.
2. Then helps the customers boost profits and manage loans flawlessly from start to finish.
3. Helps the customers to accumulate funds for their own highly profitable expansion with a bit more risk-free help from the bank.
That creates happy, stress-free banking relationships and a win-win scenario.
What’s it like working with Greg and his team?
When working with GBAC Advisory, our clients can expect a personalised and professional service. We will work closely with you to understand your unique financial situation and develop a plan that is tailored to your specific needs. We will then negotiate with your bank on your behalf, using our expertise and relationships to achieve the best possible outcome.
We understand that every farm and business is unique and therefore we will tailor our service to your specific needs. Our aim is to help you to secure the financial stability you need to keep your business thriving.
Don't let financial challenges hold you back from achieving your goals in farming and business.
Contact GBAC today and let us help you navigate the complex world of loan and mortgage negotiations with banks. With our expertise, relationships, and experience, we'll work to secure the financial stability you need to keep your business thriving. Take control of your financial future and contact us below to schedule a free consultation!
Ask us for a free consultation about how we can help you eliminate your bank debt!
No money required upfront!
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