RURAL LENDING
Private credit.
Non-bank and private credit where the deal requires more flexibility than a standard bank product can provide.
Some transactions do not fit the standard bank credit model — not because the business is weak, but because the asset mix, the covenant requirements, or the business profile falls outside what bank credit teams are equipped to assess. Agri-processing businesses, food manufacturers, and cold-chain operators often sit in this category.
Clunes works with private credit and non-bank lenders, including Merricks Capital, who can assess these transactions on their commercial merits. Private credit is not a last resort — it is a different product, with different pricing and different covenant structures, that is the right fit for certain transactions.
WHAT IS TYPICAL
- Deal size
- $2m–$30m
- Security
- First or second mortgage, business assets, receivables
- Lender pool
- Merricks Capital and specialist private credit providers