Product: Unsecured loan
Purpose: Repair and register a removal truck
The owner of a removalist company needed a financial boost to pay the registration and complete some maintenance work on a truck. The owner had plenty of jobs coming in from his customers, but he was having to turn them away because he only had one truck available. He initially sought finance from the major lenders, but due to his limited trading time and lack of security, these efforts were unsuccessful. He had only been trading for 12 months but had a good credit history and was up-to-date with his tax obligations.
When the business owner was referred to Valiant, we took the opportunity to explore the market and show him the financial products that were available to him. Our Product Specialist, Jacob, took the time to learn about the business, how income was generated and how payments were being made. This information allowed Jacob to recommend a short-term loan structure, which the business owner agreed would suit his requirements. The loan application was made and the funding complete within 3 days, which was a great outcome for the business owner.
Nicki is the Senior Working Capital Product Specialist at Valiant. Nicki has impressed hundreds of Australian SMEs, working closely with business owners to achieve successful outcomes for their business.