Unsecured Business Loan
1 May 2022
Working Capital Funding
The Brokerage was engaged to arrange working capital funding to assist with an urgent unforeseen cost which was required within 5 working days. Business operation was only 18 months old and had no property collateral to offer as security.
The Brokerage was successful in providing funds, securing a Major 4 Bank lender.
Due to there not being any property collateral, our client had to provide four consecutive quarterly BAS & clear ATO portals. There was however a Directors Guarantee in place.
This product provided an alternative solution to short term financiers which saved significant interest cost and provided a much longer term to smooth cash flow.
|Up to $249,999
8% p.a variable, P&I repayments over 7 years
Major 4 Bank