The client was a multi-site franchise owner opening a new greenfield franchise in Brisbane. Whilst they had other existing businesses, the client had set up a new entity with a new ABN for this particular franchise business.
The client had a very complicated company structure with multi-layered entities, trusts and directors entwined. The company structure made it hard to assess and separate sources of revenue. The entity seeking the asset financing was itself a fresh ABN entity restricting the lending options.
Swoop identified a key lender who could offer a funding option tailored to the client’s needs. However there was an excessive and complicated list of documentation required for the lender. Swoop worked very closely with the client to prepare key documents such as construction plans, forecasted financials and inspection reports. The process took a few weeks but Swoop kept chipping at it diligently and managed to fulfil all of the lender’s criteria for the funding option.
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Disclaimer: Swoop Finance Pty Ltd (ABN 52 644 513 333) helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance Pty Ltd can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Swoop Finance Pty Ltd does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.
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