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November 26, 2021

Case Study: Restaurant Business

Small Business Loan: Restaurant Business Total Loan: $60,000 Monthly Turnover: $1,700,000 Purpose: Purchase stock for upcoming jobs   Comments: At the start of the pandemic, this restaurateur expanded quickly into takeaway and meal delivery, even delivering entire set menus, to make up for the shortfall from having had to close their doors. While they had a lot on their plate, they also wanted the option to take on more so when the lease residuals on their kitchen equipment fell due, they decided to apply for […]
November 26, 2021

Case Study: Concreting Business

Small Business Loan: Concreting Business Total Loan: $80,000 Monthly Turnover: $300,000 Purpose: Cash flow for materials and equipment   Comments: Well-established Victorian concreting business had just signed multiple new jobs but urgently needed to pay for materials and equipment upfront to the tune of $80k. They had an existing loan facility in place however there was no flexibility for additional funding. After workshopping the deal, the client was happy to accept an offer giving them access to $80,000 within one day and without the tedious […]
November 15, 2021

Case Study: Construction Services

Small Business Loan: Construction Services Total Loan: $150,000 Monthly Turnover: $200,000 Purpose: Complete projects and expand business   Comments: Experienced builder with a great business had a default listed against their business at the height of COVID while trying to negotiate terms with one of their suppliers. The default reduced their credit score immediately leaving them unable to access funding through other lenders. The client needed $150,000 for some working capital and to pay the supplier in order to have the default removed their credit […]
November 11, 2021

Case Study: Carpentry Services

Small Business Loan: Carpentry Services Total Loan: $100,000 Monthly Turnover: $315,000 Purpose: Cash flow for equipment and wages   Comments: Around 10 per cent of business loans approved are for construction businesses and trades such as sparkies, brickies, chippies, painters and more. This established carpentry business was on a payment plan with the ATO and needed funds for expansion but didn’t want to dip in to their cash buffer. Between smokos, and in just four hours, they were able to get their loan application approved. […]
October 26, 2021

Case Study: Commercial Painter

Small Business Loan: Commercial Painter Total Loan: $200,000 Monthly Turnover: $400,000 Purpose: Purchase of new commercial contracts and working capital for materials   Comments: Experienced commercial painter needed to access funds quickly and without the hassle of lengthy paper work. They were turning over $400,000 per month and were able to borrow $200,000 to assist with working capital and inventory purchases, all within 3 hours.   Why Xpress Business Loans? We understand business owners are passionate about their business which is why we look beyond […]
October 13, 2021

Case Study: Lighting Industry

Small Business Loan: Lighting Industry Total Loan: $1,500,000 Monthly Turnover: $1,200,000 Purpose: Inventory and stock purchases to support exponential growth and large scale projects   Comments: Lighting business with a monthly turnover of $1.2 million dollars needed to purchase stock in bulk and support their ongoing projects. Their only requirement was a funding solution that was tailor-made for them. The result – they were able to get a total of $1.5 million, over 4 separate loans, giving them the flexibility to use the funds as […]
August 24, 2021

Case Study: Logistics Industry

Small Business Loan: Transportation & Logistics Industry Total Loan: $450,000 Monthly Turnover: $5,000,000 Purpose: Cash flow injection to expand transport fleet   Comments: Transportation and logistics business turning over approximately $5mil per month required an urgent cash flow injection to expand their fleet. Their loan of $450,000 was approved and funded on the same day.     Why Xpress Business Loans? We understand business owners are passionate about their business which is why we look beyond just ticking boxes. All our lender partners have an […]
August 12, 2021

Case Study: Medical Industry

Small Business Loan: Medical Industry Total Loan: $100,000 Monthly Turnover: $250,000 Purpose: Cash flow injection to hire additional staff   Comments: Client with a handful of medical clinics required $100,000 to support cash flow and hire additional staff for their business. Even though their business was turning over approx. $250,000 per month they did not have any luck securing a traditional bank business loan as one of the directors was a previously discharged bankrupt and the client did not want to use their property as […]
June 23, 2021

Case Study: Construction Industry

Small Business Loan: Construction Industry Total Loan: $180,000 Monthly Turnover: $300,000 Purpose: Complete projects   Comments: Client required additional cash flow to wind up a number of existing projects while waiting on progress payments to come in which would allow them to move onto bigger projects. Client was unable to find a traditional lender willing to lend to the building industry without any property security. Fortunately our small business lender partners will assist residential and commercial builders and were able to approve and fund a […]
May 11, 2021

Case Study: Furniture Retail

Small Business Loan: Furniture Retail Total Loan: $70,000 Monthly Turnover: $110,000 Purpose: Purchase stock   Comments: Commercial furniture retailer in business for 3.5 years with turnover of $110k per month. Client wanted funds to take advantage of an opportunity to purchase stock at a discount. Their existing SME lender were unable to help. After assessing the business bank statement data and seeing their excellent cash flow management one of our lender partners was happy to fund a total of $70k for the client on top […]