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- info@financeagency.com.au
Our client owned six commercial properties. They had principle and interest loans against the properties.
Why was this an issue?
We refinanced their properties.
Our client had an opportunity to grow her business and was looking for a loan facility to support that growth.
What was the issue?
She could see no issue. She could afford a new loan facility and the bank would be happy to extend her a loan.
But there was a better way:
She had a loan facility for her factory unit that she operated her business from.
The term of the loan was 15 years.
We refinanced the loan against the factory over a longer term to free her cashflow.
We also reduced the interest rate she was paying.
She used the freed up cash in her business instead of getting a business loan.
In addition, we modelled that over the next 3 years she would make enough money to pay down the factory loan further than if she had her current factory loan and new business loan.
Bottom line, she made more money using this strategy.
We believe our customers want and deserve more than what they currently get from brokers and banks. We know
that a loan isn’t actually about the money – that’s the transaction. It’s about what the money can do for you.
It’s about how it helps you get what you want in life. To us, this is more than a transaction.
These are the conversations we start with.
Our client had a successful business he had built over eight years.
He had invested in land to build a new premise and owned two investment properties via his family trust.
An opportunity came his way to acquire a complimentary business for $800,000.00.
What was the issue?
There wasn’t enough equity in his properties to secure the loan and it was unclear exactly how the new acquisition would leave him substantially better off.
We worked with him to build a model that streamlined the processes across both businesses, aligned his staff with the direction of the business (adding accountability that didn’t exist) and added two new technical staff that freed him up to be customer facing.
Modelling these changes allowed him to see where and when the new resources were required, revealed the key drivers for the business, allowed him and his key staff to recognise and work to milestones and clearly showed the profitability increase and cash flow month by month.
The planning increased confidence across the whole business and it allowed the bank to see a clear path forward that gave them confidence to offer finance secured only against the business.
In effect, he’s growing the asset value of his business and directly through increased profits, growing his family wealth.
Our client is a Doctor who had been working in a medical practice for 10 years.
He wanted to set up his own clinic and needed to fund the set up without impacting his cash flow and savings.
The opportunity
We spoke with him about the possibility of purchasing the medial practice , so in years to come, he would own the premise as well as the business, increasing his net wealth.
We funded 100% of the purchase price of the property and 100% of the fit out cost, leaving him with his savings as back up.He’s now operating his own clinic with the clinic paying off the premises he owns.
Our clients were looking to upgrade and buy a new house to live in. They wanted to use equity in their current properties to fund the deposit and costs for the new purchase. At some stage in the near future, they were looking to sell one of their investment properties.
What was the issue?
Their bank wanted to add the new property purchase as a security (cross collateralised) to the current loan. This would cause a problem when they wanted to sell one of their investment properties later on, potentially requiring additional funds to pay down the loan and complicating the sale process.
We split all of the properties , so they were only securing their own loan. This gave our clients full control of their loans, loan amounts and choice to sell or not.
Our client was buying a new car to upgrade her existing car. She’s very busy and her financials were not up to date. She had her previous car finance for 3 years.
Easy.
Without financials, we financed the new car at competitive rates within 48 hours.
Buying your first home is exciting but can be a daunting process. We can help guide you through the journey from start to finish.
An investment property could help you to increase your wealth and secure your financial future. We can help you understand your opportunity.
With interest rates at record lows, you might be thinking it’s time to shop around for a better deal on your home loan. We can do this for you.
Ready to grow your business? Let us help you define the type of lending that best suits your business needs.
We have access to business loans that will help move your business in the right direction.
Personal loans can be a great way to get you the extra cash you need. Speak to us about your plans. They are easy to access and fast.
We have access to hundreds of loans, which means we can help you get a market leading rate.
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It could be as simple as you need access to a loan to complete a transaction, or just a sounding board for an idea. It could be that you want to plan the growth of your business and see how debt and finance can help you get where you need to be. Whatever the case may be, it certainly doesn’t hurt to pick up the phone and have a conversation with us.
Legal Name: GEMIC PTY LTD Trading As The Finance Agency
Level 17, Exchange Tower, 2 The Esplanade, Perth WA 6000
Suite 9, Collins Square Tower 5, Level 23, 727 Collins St, Melbourne, VIC 3008
Australian Credit License 385512
ACN: 131 559 281
ABN: 28 131 559 281
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*Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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