Have any Australian searchers worked with helpful non-bank lenders?
Post a question, deal, job, etc...
Make a post...
by a searcher
from Harvard University - Harvard Business School
in Aberdeen, UK
in Aberdeen, UK
5yrs ago
Share
1 Like
194 Views
Loading...
reply
by a searcher
5yrs ago
from The University of Chicago in Sydney NSW, Australia
from The University of Chicago in Sydney NSW, Australia
Not taken a lon just yet but this is correct. Most banks are open to lending on Cashflow basis. However, there are other criteria that goes with it such as Director's professional experience, etc. Having said that, I am getting a feeling that while it may not be as smooth as it is in US, it is doable. There are so many great deals in the market.
reply
by a professional
5yrs ago
from Victoria University of Wellington in New Zealand
from Victoria University of Wellington in New Zealand
In Australia (and NZ) you could try Scottish Pacific for e.g. trade debtor finance and inventory finance. Will give you a turn or two which may get towards 50% of the sale. It is secured with a GSA over the business and no personal guarantees. I think FC Capital is also an option but have yet to deal with them myself.
More on Searchfunder
Loading...