Family Food & Agribusiness
- Term Finance
- Seasonal finance
- Equipment funding
- Livestock finance
- Housing loans
Enabling you to grow without having to explain your business to a new bank manager every twelve months.
Sprout provides a professional independent bank tender process for the family owned business. We believe that liquidity and availability of cash is the ‘heart beat’ of any business and is second only to family relationships. Flexibility and price is so important given finance interest costs can sometimes be the highest operating expense of a family business.
We save you time and ensure you are matched with the best Banker in your region through our unique selection process to match your business growth needs.
We provide solutions for all types of finance including equipment, acquisition and long term facilities and stock and inventory. Given Sprout’s expertise in business lending we also bring that professionalism to the consumer market as it is often hard for the Banks Branch teams to understand your business.
Our advantage is that our people are stable and will work in your community for decades so that you do not have to deal with multiple bank managers particularly as financial institutions reduce their team numbers in regional locations. We have access to a wide range of providers, so this service saves you time and money.
- Farm Packs
- Multi-Peril Crop
- Home & Contents
Protecting your most valuable assets.
We help you protect your assets through our specialised agribusiness insurance arm. We cover you for all requirements such as stock, farm buildings and multi-peril crop insurance for all circumstances.
We have access to a wide range of Agribusiness insurers. We will provide you with a range of options to ensure your valuable assets are protected and are matched with an insurer that understands your industry.
- Estate Planning
- Buy-Sell Arrangements
- Life & TPD Cover
- Income Protection
Protecting Your family.
Sprout recognises the need for key people in your business to be insured. We provide a tailored approach to your life and key person insurance for the protection of the business. We see it as our duty of care to discuss the protection of your family and business.
Equity I Capital
SPROUT EQUITY AND CAPITAL
A new way to grow.
Sprout sees that the requirements of the next generation may be different and that growing via debt does not fit all family owned businesses. We can help businesses become ‘investor ready’ by providing the right structure and governance framework to help attract capital or equity into your business.
Sprout has a range of connections at the institutional level as well as access to private capital often from wealthy families domestically and abroad who are looking to invest in the food supply chain. Sprout acts as a conduit to this capital by matching your business with the right people and providing ongoing support.
Taking your business to the next level.
Sprout provides special advisory and CFO services to the family owned business as a one off or on an ongoing service. This service often takes the business to another level and allows the owner to have peace of mind through insights that they have not had prior. This service is often included in family board meetings and throughout the entire governance framework. We can also include timely reporting for your business’ external stakeholders.
SPROUT SUCCESSION PLANNING
Facilitating your legacy.
Sprout believes succession planning is one of the most important issues facing the industry. Over the course of the next decade a large number of family owned businesses will change hands. Our approach is through relationships and communication in the first instance. This is followed up formulating the estate planning and technical side of succession once the family is committed to their goals.
We call this continuity planning as it is our goal to ensure that the business continues into the next generation by meeting all the needs of the family and wider stakeholders. We believe this takes time and we may work with you for up to three years or longer given the complicated nature of this process.
Business Reporting & Governance
BUSINESS REPORTING & GOVERNANCE
Giving you piece of mind.
Sprout provides professional and timely reporting for business owners and key stakeholders in their business. As a business owner, we understand how busy you are growing your business, so we manage the reporting and governance for you. Our services include one-off or ongoing reporting and governance requirements.
All businesses are structured differently, often comprising multiple stakeholders and complex ownership structures. We can produce accurate and professional financial reports in one succinct dashboard format which can then be distributed regularly to all parties involved. We understand that the demand for accurate, real time information is crucial for your business success and growth.
Sprout can assist you with all your reporting and governance needs, including:
- On-farm board meetings, with set agendas
- Cashflow forecasting
- Actual to budget reporting, including variance reporting
- Stakeholder reporting
- Review of enterprise expansion scenarios
- Data room that houses key financial information to allow for easy access
- Automated reminders for covenants and key stakeholder requests.
PERSONAL FINANCE FOR PROFESSIONALS
When looking to obtain a mortgage or refinance your existing one, the level of complexity in obtaining this finance increases ten-fold as a business owner. Traditional lenders do not understand the nuances of agribusiness and we hear time and time again how difficult the process is.
SproutAg brings the same professionalism and understanding to assisting you with your personal finance needs as we do to corporate finance. As your finance partner, we can take a ‘whole world’ view of your financial structure to determine the best lender to suit your needs – today and tomorrow.
We simplify the mortgage process by managing it all on your behalf, ensuring that you get the best deal available from our extensive network of over 30 lenders. This not only saves you time, but will save you money. And best of all, it doesn’t cost you a cent.
To get a feel for what you may be able to borrow from a lender, please see the handy mortgage calculator below.