Case Description
Scenario:
The customer was looking to get some additional small business loan to complete renovation in its studios.
Before reaching out to Broc Finance, they went through one of the reputed and largest business loan brokers but were not able to get funded due to complexity in the bank statements.
The client had completely lost hope and half-heartedly reached out to us to give it a last go
Action:
When our lending specialist went through the case, he felt the case was not presented in its full merit due to complex banking and hence, was getting knocked off by the lenders. He took a different approach to present the correct revenue and highlighted the strengths of the business to the lender.
Result:
Ultimately, we were able to get him funded with a decent loan amount to start with. The customer was very impressed and grateful for not only our assistance with obtaining the loan, but for our constant communication, knowledge and recommendations on how to improve their finances to help their small business grow.
As a token of appreciation, the customer left a flying review for our services.
At Broc Finance, we pride ourselves in going extra mile to help our clients.
If you have a scenario to discuss, contact us or get an indicative quote
Details
Date: July 2021
Funded: $18,000
Industry: Retail (Tattoo Studio), NSW, Australia
Product: Small Business Loan
Lender: Business Fuel