A fast turnaround to assess, approve and settle a business loan
Entrepreneurs and business owners are searching for alternatives to secure funding, due to banks tightening policies and lending criteria.
Our client wanted to purchase an air conditioning business for $300,000 and required a loan of $150,000 in order to complete the acquisition.
After approaching their bank of 25 years to support their venture, and without a response after a period of 2 months, the client was getting anxious as settlement on the purchase was due in 10 days.
STEP 1: Our introducer presented the client’s situation to Fusion Money.
STEP 2: Fusion Money reviewed and assessed the case.
STEP 3: Fusion Money presented a solution.
Fusion Money provided a co-lending solution with our introducer to assist with financing this new business venture for the client.
Assessment, approval and settlement were achieved within the week and the client was able to complete the purchase.
The new lending facility provided by Fusion Money took security over a number of unencumbered vehicles that the business owned.
Fusion Money provided a flexible bank alternative solution, ensuring the introducer added significant value to the client.
What was in it for the introducer?
- After approaching a number of banks and finance institutions, who declined funding, Fusion Money assessed the opportunity and granted funding through co-lending with the introducer.
- The introducer was able to secure funding for their client and maintain the long term relationship by securing a co-lending deal with Fusion Money.
- The introducer earned interest on the money they co-lent with Fusion Money
- The introducer earned brokerage on the transaction
Fusion Money is the only Australian asset finance co-lending provider to the SME Market. Our experienced team partner with introducers to support organisations with flexible and tailored finance solutions.
Specialising in finance for wheeled assets, equipment and working capital requirements, we assess every opportunity presented.
Striving to maintain the highest standards, we pride ourselves on being respectful and authentic. Listening to our clients needs and safeguarding their interests.
Our philosophy is to support our partners, understand their needs and exceed expectations through providing efficient, courteous and friendly service.
Understanding the added value of collaboration, we believe that a shared sense of purpose, based on respect, accountability and open communication safeguards success.
Dedicated to building business relationships, we place our partners and customers at the centre of everything we do.