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 of an existing SME loan they already had for $150k.  

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 open-minded approach to credit and when assessing applications look for ways to approve deals, not decline them.

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