Case Description
Scenario:
The customer has been operating for less than 12 months and was looking for an unsecured business loan to meet its cash flow gap due to delayed payments.
Being in high-risk construction sector and operating for less than a year, he had got knocked off by few lenders.
Action:
With our ability to pitch the application on its merits, our lending specialist highlighted the pros of the case and was able to comfort the lender to help this customer.
Result:
We were not only able to assist this client with the much-needed funding when he was struggling to get a loan but also recommended them to get rid of a much expensive existing secured loan by refinancing it. This allowed him to save big on interest as well as free his property from mortgage.
At Broc Finance, we not only assist our client with their loan requirements but always try to improve the overall financial health of their business through our expert recommendations.
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Details
Date: Aug 2021
Funded: $100,000
Industry: Construction, VIC, Australia
Product: Unsecured Business Loan
Lender: Moula