This week, the team at GetCapital & businessloans.com.au were contacted by a Commercial Finance Broker in Queensland, who was searching for a working capital solution for their client, a Furniture and Homewares Retailer.
Coming into the busy Christmas and holiday period, the client was looking for extra working capital to support them in investing in sourcing and stocking new product lines for their retail store.
With this information firmly in hand, the Broker worked with GetCapital to arrange a Flexible Term Loan that was best suited to the client’s requirements:
Gold Coast, QLD based Furniture and Homewares retailer, in business for 9 years, with an average monthly turnover of $160,000.
$120,000 to research and purchase new stock lines ahead of their busiest seasonal trading period.
GetCapital provided the client with a $120,000 Flexible Term Loan, to be repaid over 12 months. The client will also have the opportunity to redraw after 15 weeks, if they require additional funds.
The Broker contacted GetCapital on Friday afternoon, submitted the completed application on Monday night, and the client had the loan funds deposited into their business banking account by Tuesday night.
GetCapital are a leading non-banking lender, specialising in commercial finance and business loans for Australian SMEs. Since 2013, GetCapital have helped thousands of Australian SMEs with Flexible, Fair and Fast Working Capital and Commercial finance solutions, lending over $100,000,000 to Australian Small Businesses.
To find out how easy it is to refer a client to GetCapital for commercial finance, call us on 1300 249 649, or email our Partners team – partners@www.shift.com.au.
Shift provides credit and payment platforms that help businesses trade, pay and access funds. As one of Australia’s fastest-growing technology companies, Shift is changing the way businesses access finance. Shift has been recognised by AFR’s Fast 100, Deloitte’s Technology Fast50, Smart Company’s Smart50, Deloitte’s Asia Pacific Technology Fast 500, IDC Digital Disruptor and has been named the Commercial and Asset Finance Brokers Association Fintech of the Year in 2020, 2021 and 2022.
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