Business Loan - Case Study
We recently worked with a seafood retailer from QLD to expand their product range, The business has recently signed a 2 year contract with an established restaurant in Brisbane, and require funding to purchase large quantity of product at a whole sale price.
Industry type - Retailer
Time in business -1 years
Use of funds - Expand product range
Loan type - Small Business Loan
Loan amount - $39,000
Loan Term - 12 months
Verification document required
Last 30 Days bank statement
Copy of the 2 years supply contract
Up to date P&L statement and Balance sheet summary
Company tax return
Cash flow projection
While most hospitality business was greatly impacted to due Covid-19 restriction, the client was able to show strong financial position, The up to date P&L statement is showing net profit and was verified with the reported company tax return, Accountant Cash flow projection shows increased annual turn over as a result of the supply contract, the business also has low Debt to Equity ratio.
The application was approved, and the fund was provided in 48 Hour.