Watch out for banks imposing strict new requirements on farm borrowing arrangements, advisers are warning. Special care should be taken when renegotiating loans as new terms could include covenants to ensure minimum business performance, said Mike Buder, director of rural services at accountant Old Mill. "Many of our farming clients are being asked to review their account facilities, and are suddenly finding that their bank is imposing new terms and conditions."
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机译:顾问们提防当心银行对农业借贷安排施加严格的新要求。 Old Mill会计师事务所农村服务总监Mike Buder表示,重新谈判贷款时应格外小心,因为新条款可能包括确保最低业务绩效的契约。 “我们的许多农业客户被要求审查他们的帐户设施,并突然发现他们的银行正在施加新的条款和条件。”
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